20 Best Dividend Growth Stocks with High Yields

5. Edison International (NYSE:EIX)

Dividend Yield as of May 13: 5.89%

Edison International (NYSE:EIX) is an American public utility company, headquartered in California. The company specializes in the generation of electricity from multiple sources, including natural gas, nuclear energy, and renewables.

In the first quarter of 2025, Edison International (NYSE:EIX) reported revenue of $3.8 billion, which fell by 6.5% from the same period last year. The revenue missed analysts’ estimates by $493.9 million. Its EPS came in at $1.37, which beat the consensus by $0.16. The company’s operating income came in at $2.1 billion, growing significantly from $245 million in the prior-year period. Meanwhile, the company reaffirmed its 2025 Core EPS guidance in the range of $5.94 to $6.34 and expressed continued confidence in achieving a 5% to 7% annual growth in Core EPS through 2028, projecting earnings between $6.74 and $7.14 by that time.

Edison International (NYSE:EIX)’s cash position remained strong as the company ended the quarter with $1.3 billion in cash and cash equivalents, up from $193 million at the end of December 2024. The company’s operating cash flow came in at $1.2 billion. It currently offers a quarterly dividend of $0.8275 per share and has a dividend yield of 5.89%, as of May 13. EIX is one of the best dividend stocks on our list as the company has raised its payouts for 21 years straight.