Edison International (NYSE:EIX), through its subsidiaries, generates and distributes electric power. It delivers electricity to 15 million residential, commercial, industrial, public authorities, agricultural, and other customers across Southern, Central, and Coastal California. The company also provides energy solutions to commercial and industrial users. Its transmission facilities consist of lines ranging from 55 kV to 500 kV and substations; and distribution system consists of approximately 39,000 circuit-miles of overhead lines, approximately 31,000 circuit-miles of underground lines, and 800 substations. The company was founded in 1886 and is headquartered in Rosemead, California.

Edison International is pushing to have 100% carbon-free electricity within California by 2045. The company believes increased capital expenditure in electric-led clean energy sources will help grow its business. It is the parent company of Southern California Edison and Edison Energy, which provide electricity to over 15 million people in Southern California. The company aims to provide its customers with sustainable and reliable energy solutions.

Company Overview

• Market Cap: 26.256 billion
• PE Ratio: 42.89
• EPS: 1.60
• Dividend Yield: 4.30%

Through its subsidiaries, Edison International provides electricity generation, transmission and distribution services, and energy efficiency programs designed to reduce customer costs and improve their quality of life. This public utility holding company is in impressive financial condition, exceeding analyst predictions for the last four consecutive quarters. The company also pays a dividend of juicy yield of 4.3%.

Edison International is setting itself up for multiple years of growth moving forward. The company’s primary overhead lines are now equipped with insulated conductors on 4,300 miles of wire, and it plans to increase this number to 8,600 miles by 2028. Therefore, Edison International is one of the best dividend-paying utility stock to own for long term investors.