Edison International (NYSE:EIX) Shares to Pay Quarterly Dividend of $0.88

Key Points

• Edison International declared a quarterly dividend of $0.8775 per share, payable October 31 to shareholders of record on October 7. The dividend implies an annualized payout of $3.51 and a 6.5% yield.
• The company has raised its dividend for 23 consecutive years, with a 57.3% payout ratio. Analysts expect earnings to cover the dividend, projecting a future payout ratio of approximately 54.1%.
• Edison International’s stock opened at $53.81, near its one-year low of $51.10 and well below its 200-day moving average of $69.44. In its latest quarter, EPS of $1.54 exceeded estimates, although revenue fell 4.1% year over year.

Edison International (NYSE:EIX - Get Free Report) announced 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 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Wednesday, October 7th.

Edison International has increased its dividend by an average of 0.1%per year 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. 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 Stock Down 0.1%

Edison International stock opened at $53.81 on Monday. The company has a market capitalization of $20.71 billion, a P/E ratio of 5.55, a P/E/G ratio of 2.17 and a beta of 0.62. The firm's fifty day simple moving average is $63.89 and its 200-day simple moving average is $69.44. Edison International has a 1-year low of $51.10 and a 1-year high of $81.62. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.95.

Edison International (NYSE:EIX - Get Free Report) last announced its earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.18 by $0.36. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The firm had revenue of $4.36 billion during the quarter, compared to analysts' expectations of $4.82 billion. During the same quarter in the prior year, the business earned $0.97 earnings per share. The company's 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. Sell-side analysts forecast that Edison International will post 6.13 earnings per share for the current fiscal year.

Institutional Trading of Edison International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Avior Wealth Management LLC grew its position in shares of Edison International by 4.7% during the 2nd quarter. Avior Wealth Management LLC now owns 2,956 shares of the utilities provider's stock worth $220,000 after purchasing an additional 134 shares in the last quarter. Equitable Trust Co. lifted its stake in Edison International by 0.8% during the first quarter. Equitable Trust Co. now owns 19,616 shares of the utilities provider's stock worth $1,435,000 after purchasing an additional 148 shares during the last quarter. Altshuler Shaham Ltd grew its position in Edison International by 36.6% in the first quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider's stock valued at $42,000 after acquiring an additional 155 shares during the last quarter. Cidel Asset Management Inc. increased its position in Edison International by 3.0% during the 2nd quarter. Cidel Asset Management Inc. now owns 6,088 shares of the utilities provider's stock worth $453,000 after purchasing an additional 178 shares in the last quarter. Finally, Paladin Wealth LLC boosted its holdings in shares of Edison International by 6.3% during the 2nd quarter. Paladin Wealth LLC now owns 3,035 shares of the utilities provider's stock valued at $226,000 after acquiring an additional 181 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company's stock.

Edison International Company Profile

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.

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