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Edison International's 5.00% Trust Preference Securities Ex-Dividend Reminder

By Preferred Stock Channel Staff, Thursday, December 9, 1:33 PM ET

On 12/13/21, Edison International's 5.00% Trust Preference Securities (NYSE:SCE.PRL) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 12/15/21. As a percentage of SCE.PRL's recent share price of $25.06, this dividend works out to approximately 1.25%, so look for shares of SCE.PRL to trade 1.25% lower — all else being equal — when SCE.PRL shares open for trading on 12/13/21. On an annualized basis, the current yield is approximately 5.00%, which compares to an average yield of 5.19% in the "Utilities" preferred stock category, according to Preferred Stock Channel.

As of last close, SCE.PRL was trading at a 0.08% premium to its liquidation preference amount, versus the average premium of 6.08% in the "Utilities" category. 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 :

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In Thursday trading, Edison International's 5.00% Trust Preference Securities (NYSE:SCE.PRL) is currently up about 0.1% on the day, while the common shares (NYSE:EIX) are up about 0.1%.

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