{"id":397968,"date":"2020-12-10T19:09:16","date_gmt":"2020-12-11T00:09:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=397968"},"modified":"2020-12-10T19:09:16","modified_gmt":"2020-12-11T00:09:16","slug":"edison-international-raises-common-stock-dividend-3-92-17th-consecutive-annual-increase","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/edison-international-raises-common-stock-dividend-3-92-17th-consecutive-annual-increase\/","title":{"rendered":"Edison International Raises Common Stock Dividend 3.92%; 17th Consecutive Annual Increase"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Edison International Raises Common Stock Dividend 3.92%; 17th Consecutive Annual Increase<\/b><\/p>\n<p class=\"bwalignc\"><b>Southern California Edison declares preference stock dividends<\/b><\/p>\n<p>ROSEMEAD, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nEdison International (NYSE: EIX) today declared a quarterly common stock dividend of $0.6625 per share, payable on Jan. 31, 2021, to shareholders of record on Dec. 31, 2020. This action increases the annual dividend by $0.10 per share. The 2021 annual dividend rate will be $2.65 per share, an increase of 3.92% from the current annual dividend rate of $2.55 per share.\n<\/p>\n<p>\n\u201cWe are pleased to raise the EIX dividend for the seventeenth consecutive year. At the same time, Southern California Edison continues to make substantial capital investments to ensure we have a strong, safe, reliable, and resilient power grid,\u201d said Pedro Pizarro, president and CEO of Edison International. \u201cThis dividend growth keeps us within our targeted payout ratio range of 45 to 55% of SCE&#8217;s core earnings and reflects our confidence in maintaining a strong balance sheet that supports financial flexibility.\u201d\n<\/p>\n<p>\nPizarro added, \u201cOur vision for how California&#8217;s economy and our company can combat climate change calls for the transformation of our industry through clean energy and economy-wide electrification. SCE continues to make significant investments in the infrastructure necessary to execute our strategy, which is consistent with the state&#8217;s climate change policies and objectives.\u201d\n<\/p>\n<p>\nAdditionally, SCE today declared the following dividend:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nA semiannual dividend of $31.25 per share on the Series E preference stock, payable on Feb. 1, 2021, to shareholders of record on Jan. 5, 2021.\n<\/li>\n<\/ul>\n<p><span class=\"bwuline\">About Edison International<\/span><\/p>\n<p>\nEdison International (NYSE: EIX) is one of the nation\u2019s largest electric utility holding companies, providing clean and reliable energy and energy services through its independent companies. Headquartered in Rosemead, California, Edison International is the parent company of Southern California Edison Company, a utility that delivers electricity to 15 million people across Southern, Central and Coastal California. Edison International is also the parent company of Edison Energy, a global energy advisory company delivering comprehensive, data-driven energy solutions to commercial and industrial users to meet their cost, sustainability and risk goals.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201210006193r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201210006193\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201210006193\/en\/<\/a><\/span><\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.edison.com%2Fhome%2Finvestors.html&amp;esheet=52346848&amp;newsitemid=20201210006193&amp;lan=en-US&amp;anchor=Investor+Relations&amp;index=1&amp;md5=00ed9f458327bc9632b0988d4b28982a\">Investor Relations<\/a>: Sam Ramraj, (626) 302-2540<br \/>\n<br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fnewsroom.edison.com%2F&amp;esheet=52346848&amp;newsitemid=20201210006193&amp;lan=en-US&amp;anchor=Media+Contact&amp;index=2&amp;md5=1ac3d34a3d48d05b6408dc59188a6715\">Media Contact<\/a>: Jeff Monford, (626) 476-8120\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Utilities Energy<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Edison International Raises Common Stock Dividend 3.92%; 17th Consecutive Annual Increase Southern California Edison declares preference stock dividends ROSEMEAD, Calif.&#8211;(BUSINESS WIRE)&#8211; Edison International (NYSE: EIX) today declared a quarterly common stock dividend of $0.6625 per share, payable on Jan. 31, 2021, to shareholders of record on Dec. 31, 2020. This action increases the annual dividend by $0.10 per share. The 2021 annual dividend rate will be $2.65 per share, an increase of 3.92% from the current annual dividend rate of $2.55 per share. \u201cWe are pleased to raise the EIX dividend for the seventeenth consecutive year. At the same time, Southern California Edison continues to make substantial capital investments to ensure we have a strong, safe, reliable, and resilient power &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/edison-international-raises-common-stock-dividend-3-92-17th-consecutive-annual-increase\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Edison International Raises Common Stock Dividend 3.92%; 17th Consecutive Annual Increase&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-397968","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Edison International Raises Common Stock Dividend 3.92%; 17th Consecutive Annual Increase - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/edison-international-raises-common-stock-dividend-3-92-17th-consecutive-annual-increase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Edison International Raises Common Stock Dividend 3.92%; 17th Consecutive Annual Increase - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Edison International Raises Common Stock Dividend 3.92%; 17th Consecutive Annual Increase Southern California Edison declares preference stock dividends ROSEMEAD, Calif.&#8211;(BUSINESS WIRE)&#8211; Edison International (NYSE: EIX) today declared a quarterly common stock dividend of $0.6625 per share, payable on Jan. 31, 2021, to shareholders of record on Dec. 31, 2020. This action increases the annual dividend by $0.10 per share. The 2021 annual dividend rate will be $2.65 per share, an increase of 3.92% from the current annual dividend rate of $2.55 per share. \u201cWe are pleased to raise the EIX dividend for the seventeenth consecutive year. At the same time, Southern California Edison continues to make substantial capital investments to ensure we have a strong, safe, reliable, and resilient power &hellip; Continue reading &quot;Edison International Raises Common Stock Dividend 3.92%; 17th Consecutive Annual Increase&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/edison-international-raises-common-stock-dividend-3-92-17th-consecutive-annual-increase\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-11T00:09:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201210006193r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/edison-international-raises-common-stock-dividend-3-92-17th-consecutive-annual-increase\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/edison-international-raises-common-stock-dividend-3-92-17th-consecutive-annual-increase\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Edison International Raises Common Stock Dividend 3.92%; 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