Edison International (EIX) Stock

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Edison International (NYSE: EIX) has announced a quarterly dividend of $0.8275 per share, which will be paid on January 31, 2025, to shareholders who are on record by January 7, 2025. This decision raises the annual dividend rate by $0.19 for the quarter ending January 31, 2025, bringing the total annual rate to $3.31 per share, a 6.1% increase from the previous rate of $3.12. "The increase in dividends shows our confidence in the company's future," said a representative.

I invest a lot in the Utility sector, focusing on companies in North America and Europe in my portfolio. I have been asked to provide analysis on Edison International, which I think is a solid company. However, I believe it is currently overvalued, so I do not see it as a good investment opportunity right now.

EIX's earnings for the third quarter exceeded expectations, and their revenue grew by 3.7% compared to last year. The company has also updated its earnings per share forecast for 2024.

The Edison International Q3 2024 Earnings Conference Call is set to begin at 4:30 PM ET on October 29, 2024. Key participants include Pedro Pizarro, the President and CEO, and Maria Rigatti, the EVP and CFO. The call will be hosted by Sheila, the operator, who welcomes everyone to the teleconference.

Edison International (EIX) reported quarterly earnings of $1.51 per share, which is higher than the Zacks Consensus Estimate of $1.39 per share. This is an increase compared to earnings of $1.38 per share from the same period last year.

Edison International (EIX) has a strong track record of surprising with its earnings and currently has the right mix of factors that suggest it may exceed expectations in its upcoming quarterly report.