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Edison Int'l (EIX) Raises Quarterly Dividend 17.6% to $0.4175; 2.6% Yield

December 11, 2014 4:20 PM EST

Edison Int'l (NYSE: EIX) declared a quarterly dividend of $0.4175 per share, or $1.67 annualized. This is a 17.6% increase from the prior dividend of $0.355.

The dividend will be payable on January 31, 2015, to stockholders of record on December 31, 2014, with an ex-dividend date of December 29, 2014.

The annual yield on the dividend is 2.6 percent.

"With this action today, we are taking a meaningful step to return Edison International’s common stock dividend to the target payout ratio of 45 to 55 percent of the earnings of Southern California Edison. We will return to the target payout ratio in steps, over time, by increasing the dividend faster than the growth rate in earnings,” said Ted Craver, chairman and CEO of Edison International.

Southern California Edison (SCE) sees continued high levels of infrastructure investment to support system reliability, California’s low-carbon economy goals, and its leadership in building the grid of the future.

Commenting on future earnings and dividend growth, Craver added, “We see the potential for our shareholders to benefit from a multi-year opportunity of industry-leading returns from the combination of investment-driven earnings growth and sustained common dividend increases.”

For a dividend history and other dividend-related data on Edison Int'l (EIX) click here.



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