Edison International Raises Common Stock Dividend 5.8%; 20th Consecutive Annual Increase
Rosemead, Calif.In a move reflecting their commitment to shareholder value and continued confidence in the company’s financial health and growth prospects, Edison International (NYSE: EIX) announced today a 5.8% increase in their quarterly common stock dividend.The 20th consecutive annual increase in dividends highlights the company’s long-standing track record of delivering consistent returns to its shareholders.
According to the press release, Edison International’s board of directors declared a quarterly common stock dividend of $0.78 per share, payable on January 31, 2024, to shareholders of record on December 29, 2023.This action marks an increase of $0.17 per share on an annual basis.The annual dividend rate for 2024 will now stand at $3.12 per share, reflecting a significant 5.8% increase from the previous annual dividend rate of $2.95 per share.
This strategic move by Edison International aims to maximize capital and provide long-term value to its investors.By consistently increasing their dividends for the past 20 years, the company has demonstrated its commitment to rewarding its shareholders and maintaining a strong financial position.
In addition to the dividend increase, Edison International has also been making
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