Edison International (EIX) To Go Ex-Dividend on July 7th

Edison International (NYSE:EIX) declared a quarterly dividend on Wednesday, June 24th. Investors of record on Tuesday, July 7th will be given a dividend of 0.8775 per share by the utilities provider on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Tuesday, July 7th.

Edison International has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 23 consecutive years. Edison International has a payout ratio of 57.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Edison International to earn $6.50 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 54.0%.

Edison International Price Performance

Shares of EIX stock opened at $74.67 on Friday. The stock’s fifty day simple moving average is $70.75 and its 200 day simple moving average is $67.92. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68. The firm has a market cap of $28.73 billion, a price-to-earnings ratio of 8.11, a P/E/G ratio of 1.29 and a beta of 0.67. Edison International has a one year low of $49.14 and a one year high of $76.21.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the prior year, the business posted $1.37 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, analysts expect that Edison International will post 6.12 earnings per share for the current fiscal year.

Edison International Company Profile

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.