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ROSEMEAD, Calif. - Edison International (NYSE:EIX) announced Tuesday that its board of directors has declared a quarterly common stock dividend of $0.8275 per share, representing a 6.44% yield. The dividend will be payable on July 31, 2025, to shareholders of record on July 7, 2025. The company has maintained consistent dividend payments for 22 consecutive years, according to InvestingPro data.
Edison International serves as the parent company of Southern California Edison, an electric utility that provides service to 15 million people across Southern, Central and Coastal California. With a market capitalization of $19.4 billion and annual revenue of $17.33 billion, the company trades at an attractive P/E ratio of 7.19x. The company also owns Trio (formerly Edison Energy), which offers sustainability and energy advisory services to large organizations in North America and Europe. InvestingPro analysis suggests the stock is currently undervalued, with 8 additional key insights available to subscribers.
Based in Rosemead, California, Edison International operates as one of the nation’s largest electric utility holding companies with a focus on clean and reliable energy services through its independent companies.
The dividend announcement was made through a company press release statement.
In other recent news, Edison International has been in the spotlight following several key developments. The company recently received an Outperform rating from Evercore ISI, with a price target increase to $61.00, highlighting optimism around enhanced wildfire legislation in California. UBS also maintained a Buy rating on Edison International, setting a price target of $70.00, citing favorable legislative developments that could positively impact the company’s financial outlook. However, Fitch Ratings placed Edison International and Southern California Edison on Rating Watch Negative due to high wildfire risks and potential liabilities related to the Eaton Fire. The ongoing investigation into the fire could significantly influence the company’s credit ratings.
Meanwhile, PG&E Corporation is facing challenges as a proposed California bill seeks to overhaul utility regulation and financing, potentially impacting shareholders’ profits from capital spending on fire mitigation. The bill, SB 254, has been approved by the California Senate and awaits further legislative action. UBS noted that Pacific Gas & Electric Company has significant wildfire mitigation spending, with securitization possibly affecting 6% of its 2027 ratebase guidance. Edison International, while also affected by the proposed changes, is seen by UBS as undervalued, with potential for financial improvement through upcoming securitization issuances and regulatory decisions.
The California Public Utilities Commission has approved settlements related to past wildfire claims for Southern California Edison, allowing recovery of significant costs. Edison International is actively managing its wildfire liabilities and remains confident in its adherence to necessary protocols. The company is also experiencing strong load growth, driven by increased electric vehicle demand and building electrification, which may influence future capital expenditure priorities.
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