Dividend Champions, Contenders and Challengers list: 15 Highest Yielding Stocks

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11. Edison International (NYSE:EIX)

Dividend Yield as of February 9: 5.50%

Consecutive Years of Dividend Growth: 22 Years

Category: Dividend Contenders

On January 22, Barclays trimmed its price target on Edison International (NYSE:EIX) to $67 from $68. However, the firm reiterated an Overweight rating on the stock. The move came as part of a broader reset across the power and utilities sector ahead of Q4 earnings.

On January 21, Morgan Stanley lifted its price target on Edison International to $61 from $57, while keeping an Underweight rating on the stock. The update came as part of a broader refresh of Morgan Stanley’s North American coverage of regulated and diversified utilities and independent power producers. The firm noted that utility stocks lagged the S&P 500 in December, a trend the analyst highlighted in the research note to investors.

Edison International (NYSE:EIX) is an electric utility holding company focused on delivering clean, reliable energy and related services through its operating businesses. It is the parent company of Southern California Edison and Trio.

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