Edison Intl: Dividend Insights
Portfolio Pulse from Benzinga Insights
Edison Intl (NYSE:EIX) has announced a quarterly dividend of 73.75 cents per share, payable on July 31, 2023. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders owning EIX as of the end of Friday's session are eligible for the dividend.
June 28, 2023 | 2:45 pm
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Edison Intl's announcement of a 73.75 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend on Monday.
When a stock goes ex-dividend, it typically trades lower to reflect the payout. As such, Edison Intl's stock price is likely to decrease in the short term. However, the dividend announcement could also be seen as a positive signal of the company's profitability, potentially attracting more investors in the long run.
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