In trading on Friday, shares of Edison International's 5.00% Trust Preference Securities (Symbol: SCE.PRL) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $19.12 on the day. This compares to an average yield of 6.50% in the "Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, SCE.PRL was trading at a 23.00% discount to its liquidation preference amount, versus the average discount of 16.56% in the "Utilities" category.
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The chart below shows the one year performance of SCE.PRL shares, versus EIX:
Below is a dividend history chart for SCE.PRL, showing historical dividend payments on Edison International's 5.00% Trust Preference Securities :
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In Friday trading, Edison International's 5.00% Trust Preference Securities (Symbol: SCE.PRL) is currently down about 0.4% on the day, while the common shares (Symbol: EIX) are up about 1.4%.
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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.
