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

Edison International (NYSE:EIX) declared a quarterly dividend on Friday, September 25th. Stockholders 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 is Wednesday, October 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 dividend payout ratio of 57.3% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Down 0.1%

NYSE EIX opened at $53.81 on Monday. The company’s 50-day simple moving average is $63.89 and its two-hundred day simple moving average is $69.44. Edison International has a one year low of $51.10 and a one year high of $81.62. The company has a market capitalization of $20.71 billion, a price-to-earnings ratio of 5.55, a price-to-earnings-growth ratio of 2.17 and a beta of 0.62. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66.

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