Edison International (NYSE:EIX) Increases Dividend to $0.88 Per Share

Edison International (NYSE:EIX - Get Free Report) announced a quarterly dividend on Thursday, December 11th. Shareholders of record on Wednesday, January 7th will be paid a dividend of 0.8775 per share by the utilities provider on Saturday, January 31st. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Wednesday, January 7th. This is a 6.0% increase from Edison International's previous quarterly dividend of $0.83.Why Wall Street Is Betting on These 3 Comeback StocksEdison International has decreased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 23 consecutive years. Edison International has a dividend payout ratio of 54.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Edison International to earn $5.76 per share next year, which means the company should continue to be able to cover its $3.31 annual dividend with an expected future payout ratio of 57.5%. Get Edison International alerts:Edison International Stock Up 0.5%Shares of EIX traded up $0.28 during mid-day trading on Friday, reaching $58.21. 472,229 shares of the stock traded hands, compared to its average volume of 3,983,169. The stock has a fifty day simple moving average of $56.89 and a 200 day simple moving average of $54.67. Edison International has a 12-month low of $47.73 and a 12-month high of $82.48. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 1.95. The firm has a market cap of $22.40 billion, a price-to-earnings ratio of 7.60, a P/E/G ratio of 0.86 and a beta of 0.83. NRG Fastest Mover in S&P As Activist Investor Pushes For ChangeEdison International (NYSE:EIX - Get Free Report) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.18. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.31 billion. Edison International had a net margin of 17.24% and a return on equity of 13.62%. The business's quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.51 earnings per share. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. Sell-side analysts expect that Edison International will post 4.95 EPS for the current fiscal year. About Edison International (Get Free Report)Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.Further ReadingFive stocks we like better than Edison InternationalPros And Cons Of Monthly Dividend StocksQualcomm Just Got Called an AI Loser—So Why Is It Rallying?What is a Dividend King? 2 Small-Cap Biotechs That Could Reward Patient InvestorsHow to Plot Fibonacci Price Inflection Levels Santa Claus May Be Coming Early for Palantir InvestorsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Edison International Right Now?Before you consider Edison International, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Edison International wasn't on the list.While Edison International currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here