Dividend Contenders List: Top 20 Stocks

5. Edison International (NYSE:EIX)

Dividend Yield as of January 22: 5.81%

On January 21, Morgan Stanley raised its price target on Edison International (NYSE:EIX) to $61 from $57 and kept an Underweight rating. The update came as part of a broader refresh of regulated and diversified utilities and independent power producers in North America. The firm noted that utilities lagged the broader market’s return in December.

Earlier in the month, Edison International declared a quarterly common stock dividend of $0.8775 per share. The dividend is payable on January 31, 2026, to shareholders of record on January 7, 2026. The move lifts the annual dividend to $3.51 per share, up 6% from the prior annual rate of $3.31.

Pedro Pizarro, president and CEO of Edison International, said the increase reflects the board’s and management’s confidence in the company’s financial position and outlook. He added that it reinforces management’s commitment to delivering long-term EPS growth of 5% to 7%. The latest increase also marks the company’s 22nd consecutive year of dividend growth.

Edison International (NYSE:EIX) is one of the largest electric utility holding companies in the U.S., with a focus on delivering clean, reliable energy and related services through its operating subsidiaries.