Edison International (NYSE:EIX) Shareholders to Receive $0.88 Quarterly Dividend

Edison International (NYSE:EIX) announced a quarterly dividend on Friday, September 25th. Investors of record on Wednesday, October 7th will be paid a dividend of $0.8775 per share by the utilities provider on Saturday, October 31st. This represents a $3.51 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend is Wednesday, October 7th.

Edison International has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 23 years. Edison International has a dividend payout ratio of 57.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Edison International to earn $6.49 per share next year, which means the company should continue to be able to cover its $3.51 annual dividend with an expected future payout ratio of 54.1%.

Edison International Stock Performance

Shares of Edison International stock opened at $53.81 on Monday. The company has a market capitalization of $20.71 billion, a PE ratio of 5.55, a PEG ratio of 2.17 and a beta of 0.62. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.95. The stock’s fifty day simple moving average is $63.89 and its 200 day simple moving average is $69.44. Edison International has a 12 month low of $51.10 and a 12 month high of $81.62.

Edison International (NYSE:EIX) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.36. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The business had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter in the previous year, the business posted $0.97 EPS. Edison International’s revenue for the quarter was down 4.1% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, research analysts predict that Edison International will post 6.13 EPS for the current year.

About Edison International

Edison International is a publicly owned holding company based in Rosemead, California. Its principal subsidiary, Southern California Edison (SCE), is an electric utility that generates, transmits, and distributes electricity across central, coastal, and Southern California.

SCE provides electric service to residential, commercial, industrial, and public-sector customers and manages a large transmission and distribution network. The utility is also involved in grid modernization, wildfire mitigation, renewable energy integration, energy efficiency, and the development of electric transportation infrastructure.

Edison International’s history is rooted in Southern California Edison, which traces its origins to the late 19th century.