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Edison International's Fixed-to-Floating Rate Trust Preference Securities Goes Ex-Dividend Soon


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On 3/10/17, Edison International's 5.375% Fixed-to-Floating Rate Trust Preference Securities (Symbol: SCE.PRJ) will trade ex-dividend, for its quarterly dividend of $0.3359, payable on 3/15/17. As a percentage of SCE.PRJ's recent share price of $26.37, this dividend works out to approximately 1.27%, so look for shares of SCE.PRJ to trade 1.27% lower - all else being equal - when SCE.PRJ shares open for trading on 3/10/17. On an annualized basis, the current yield is approximately 5.06%, which compares to an average yield of 4.93% in the "Utilities" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of SCE.PRJ shares, versus EIX:

Performance Comparison Chart

Below is a dividend history chart for SCE.PRJ, showing historical dividends prior to the most recent $0.3359 on Edison International's 5.375% Fixed-to-Floating Rate Trust Preference Securities:

SCE.PRJ+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Edison International (Symbol: EIX) makes up 5.87% of the iShares Edge MSCI Multifactor Utilities ETF ( UTLF ) which is trading relatively unchanged on the day Wednesday.

In Wednesday trading, Edison International's 5.375% Fixed-to-Floating Rate Trust Preference Securities (Symbol: SCE.PRJ) is currently off about 0.7% on the day, while the common shares (Symbol: EIX) are trading flat.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen ยป

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





This article appears in: Investing
Referenced Symbols: SCE.PRJ , EIX



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