Edison International (EIX) Plans Quarterly Dividend of $0.36
Edison International (NYSE:EIX) declared a quarterly dividend on Thursday, June 19th, Stock Ratings Network.com reports. Stockholders of record on Monday, June 30th will be given a dividend of 0.355 per share on Thursday, July 31st. This represents a $1.42 dividend on an annualized basis and a yield of 2.46%.
A number of analysts have recently weighed in on EIX shares. Analysts at RBC Capital raised their price target on shares of Edison International from $52.00 to $59.00 in a research note on Friday, May 2nd. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Edison International in a research note on Thursday, May 1st. They now have a $59.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Edison International from $64.50 to $65.00 in a research note on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $58.27.
Shares of Edison International (NYSE:EIX) traded up 1.28% during mid-day trading on Thursday, hitting $57.84. 2,753,109 shares of the company’s stock traded hands. Edison International has a 52-week low of $44.26 and a 52-week high of $57.85. The stock’s 50-day moving average is $55.39 and its 200-day moving average is $51.65. The company has a market cap of $18.845 billion and a P/E ratio of 22.74.
Edison International (NYSE:EIX) last released its earnings data on Tuesday, April 29th. The company reported $0.90 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.82 by $0.08. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter last year, the company posted $0.77 earnings per share. Edison International’s revenue was up 11.2% compared to the same quarter last year. On average, analysts predict that Edison International will post $3.72 earnings per share for the current fiscal year.
Edison International, is a holding company of Southern California Edison Company (NYSE:EIX).
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