Edison International Stock To Go Ex-dividend Tomorrow (EIX)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Edison International (NYSE: EIX) is tomorrow, March 26, 2013. Owners of shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $50.69 as of 9:30 a.m. ET, the dividend yield is 2.7%.

The average volume for Edison International has been 2.3 million shares per day over the past 30 days. Edison International has a market cap of $16.55 billion and is part of the utilities sector and utilities industry. Shares are up 11.5% year to date as of the close of trading on Friday.

Edison International, through its subsidiaries, generates and distributes electric power. It also invests in transportation infrastructure and energy assets, including renewable energy in the Netherlands, Australia, Switzerland, and the United Kingdom. The company has a P/E ratio of 11.2, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Edison International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, increase in net income and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Edison International Ratings Report.

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