Edison International Keeps Steady Dividend
Edison International has announced plans to keep its quarterly dividend steady at $0.3375 per share of common stock.
This is the same amount the electric power distributor has paid shareholders since January, after increasing its payout 3.8% from $0.325 per share.
The company's latest dividend amount will be payable on Oct. 31 to stockholders of record as of Sept. 30. On an annualized basis, Edison's payout totals to $1.35. At the market's close on Sept. 5, the company's stock price was trading at $44.36, which means Edison's current dividend yield is approximately 3%.
The article Edison International Keeps Steady Dividend originally appeared on Fool.com.Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.