Edison International's Trust Preference Securities Goes Ex-Dividend Soon

On 3/13/24, Edison International's 5.00% Trust Preference Securities (Symbol: SCE.PRL) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 3/15/24. As a percentage of SCE.PRL's recent share price of $20.64, this dividend works out to approximately 1.51%, so look for shares of SCE.PRL to trade 1.51% lower — all else being equal — when SCE.PRL shares open for trading on 3/13/24. On an annualized basis, the current yield is approximately 6.04%, which compares to an average yield of 6.46% 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 :


In Monday trading, Edison International's 5.00% Trust Preference Securities (Symbol: SCE.PRL) is currently down about 0.2% on the day, while the common shares (Symbol: EIX) are up about 0.2%.

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

Also see:
• Joel Greenblatt Stock Picks
• CLAQ shares outstanding history
• Funds Holding ENX

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

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