NEW YORK (
) -- The ex-dividend date for
) is tomorrow, March 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $36.64 as of 9:31 a.m. ET, the dividend yield is 3.5%.
The average volume for Edison International has been 2.4 million shares per day over the past 30 days. Edison International has a market cap of $12 billion and is part of the
industry. Shares are down 5.1% year to date as of the close of trading on Friday.
Edison International, through its subsidiaries, engages in the supply of electric energy in central, coastal, and southern California. The company has a P/E ratio of 9.7, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 16.2.
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TheStreet Ratings rates Edison International as buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full