Southern California Edison announced on April 23 that its board of directors has declared quarterly dividends for several series of preference stock, with payments scheduled for June 15 to shareholders of record as of June 12.
The announcement outlines the financial distributions that will be made to holders of various trust preference securities. This information is important for investors and shareholders who rely on regular dividend income from their holdings in Southern California Edison.
According to the company, the dividends include $0.31875 per security for Series G preference stock via SCE Trust II’s 5.10% Trust Preference Securities, $0.3125 per security for Series L via SCE Trust VI’s 5.00% Trust Preference Securities, $0.46875 per security for Series M via SCE Trust VII’s 7.50% Trust Preference Securities, and $0.434375 per security for Series N via SCE Trust VIII’s 6.95% Trust Preference Securities.
Each dividend will be paid out on June 15, with eligibility determined by shareholder records as of June 12.
Southern California Edison is a subsidiary of Edison International and is one of the nation’s largest electric utilities, serving about 15 million people through five million customer accounts across a service area spanning Central, Coastal and Southern California.
