Edison International (NYSE:EIX) Declares $0.88 Quarterly Dividend

Edison International (NYSE:EIX) announced a quarterly dividend on Wednesday, February 18th. Investors of record on Tuesday, April 7th will be paid a dividend of 0.8775 per share by the utilities provider on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Tuesday, April 7th.

Edison International has decreased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 23 years. Edison International has a payout ratio of 57.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Edison International to earn $5.76 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 60.9%.

Edison International Price Performance

Shares of NYSE EIX traded up $2.11 during mid-day trading on Thursday, reaching $71.81. 465,431 shares of the company traded hands, compared to its average volume of 3,171,523. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $72.68. The firm has a market cap of $27.63 billion, a PE ratio of 9.37, a price-to-earnings-growth ratio of 1.05 and a beta of 0.82. The stock has a fifty day simple moving average of $62.00 and a 200-day simple moving average of $58.17. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.82 and a quick ratio of 0.76.

Edison International (NYSE:EIX) last released its earnings results on Wednesday, February 18th. The utilities provider reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.40. The business had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $4.29 billion. Edison International had a net margin of 17.24% and a return on equity of 13.62%. During the same period in the previous year, the firm earned $1.05 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. Equities research analysts anticipate that Edison International will post 4.95 EPS for the current fiscal year.

About Edison International

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.