Edison Int'l (EIX) Raises Quarterly Dividend 1.2% to $0.6125; 4.3% Yield

Edison Int'l (NYSE: EIX) declared a quarterly dividend of $0.6125 per share, or $2.45 annualized. This is a 1.2% increase from the prior dividend of $0.6050.

The dividend will be payable on January 31, 2019, to stockholders of record on December 31, 2018, with an ex-dividend date of December 28, 2018.

The annual yield on the dividend is 4.3 percent.

“The company’s top priority continues to be the safety of our customers, communities and employees, particularly given the tragic consequences of recent wildfires,” said Pedro Pizarro, president and CEO of Edison International. “We will continue to make the investments necessary to deliver safe, reliable and affordable electricity. Over the long term, providing value in the form of earnings growth and dividends, like the one announced today, helps us maintain a lower cost of capital to manage customer rates. In declaring this dividend, the Board considered the likely ability of the company to meet its liabilities as they mature, as well as a broad range of potential negative outcomes related to the Thomas and Woolsey fires. Our dividend rate is within our targeted payout ratio of 45 to 55 percent of Southern California Edison’s earnings.”

Pizarro added, “We have flexibility to utilize short- and long-term debt as we continue to evaluate options to fund rate base growth and other operational needs included in the 2018 General Rate Case application and other requested capital programs and those arising from potential wildfire liabilities.”

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

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