|Bid||51.41 x 800|
|Ask||51.44 x 1000|
|Day's Range||50.20 - 51.63|
|52 Week Range||43.63 - 78.93|
|Beta (5Y Monthly)||0.45|
|PE Ratio (TTM)||16.69|
|Forward Dividend & Yield||2.55 (5.02%)|
|Ex-Dividend Date||Sep 29, 2020|
|1y Target Est||N/A|
Southern California Edison has reached a settlement agreement with all the holders of insurance subrogation claims in the pending litigation arising from the 2017 Thomas and Koenigstein fires and the 2018 Montecito Mudslides (TKM). No admission of wrongdoing or liability was made in reaching this settlement. In addition, SCE continues to make progress in reaching settlements with individual plaintiffs in litigation arising from these events and the 2018 Woolsey Fire (collectively, the 2017/2018 Wildfire/Mudslide Events).
Southern California Edison (SCE) announced today that it will redeem $120 million of its cumulative preferred stock consisting of all of the outstanding shares of the 4.32% Series, 4.08% Series, 4.24% Series, and the 4.78% Series (collectively, the "Preferred Stock") and $180 million of the outstanding shares of its Series G Preference Stock, which will cause SCE Trust II to redeem $180 million of its outstanding 5.10% Trust Preference Securities ("Trust Preference Securities"). Upon redemption, SCE’s preferred equity layer will be in line with its CPUC-authorized level of 5%. The Redemption Date will be September 27, 2020, and the Redemption Prices and accrued and unpaid dividends per relevant security will be as follows:
The program to install about 38,000 electric car chargers over the next five years will help California achieve its EV and climate goals.