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12 June
Edison International's 5.00% Trust Preference Securities Goes Ex-Dividend Soon

On 6/14/24, Edison International's 5.00% Trust Preference Securities (Symbol: SCE.PRL) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 6/15/24. As a percentage of SCE.PRL's recent share price of $20.05, this dividend works out to approximately 1.56%, so look for shares of SCE.PRL to trade 1.56% lower — all else being equal — when SCE.PRL shares open for trading on 6/14/24. On an annualized basis, the current yield is approximately 6.34%, which compares to an average yield of 6.40% in the "Utilities" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of SCE.PRL shares, versus EIX:

Performance Comparison Chart

Below is a dividend history chart for SCE.PRL, showing historical dividends prior to the most recent $0.3125 on Edison International's 5.00% Trust Preference Securities :

SCE.PRL+Dividend+History+Chart

Free Report: Top 8%+ Dividends (paid monthly)

In Wednesday trading, Edison International's 5.00% Trust Preference Securities (Symbol: SCE.PRL) is currently up about 1.7% on the day, while the common shares (Symbol: EIX) are up about 0.5%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.