10 Low PE High Dividend Stocks to Buy Now

4. Edison International (NYSE:EIX)

Forward P/E Ratio: 8.83       

Dividend Yield as of February 16: 6.61%

Edison International (NYSE:EIX) is a California-based public utility company that produces electricity from various sources, including natural gas, nuclear energy, and renewables. The company is encountering difficulties this year as lawsuits have been filed against Edison, holding it responsible for wildfire damage. Until these legal disputes are resolved, investors may face significant uncertainty and risk. Since the start of 2025, the stock has declined by over 37%.

That said, Edison International (NYSE:EIX) has continued to grow its dividend, backed by a strong cash position. By the end of the most recent quarter, the company had approximately $200 million in cash and cash equivalents. In addition, its operating cash flow rose to $3.8 billion over the first nine months of the year, compared to $2.5 billion during the same period last year.

In December 2024, Edison International (NYSE:EIX) announced a 6.1% hike in its quarterly dividend to $0.8275 per share. Through this increase, the company took its dividend growth streak to 21 years, which makes it one of the best dividend stocks on our list. As of February 16, the stock supports a dividend yield of 6.61%.