Dividend Capture Strategy: 15 High Yield Stocks to Buy in April

11. Edison International (NYSE:EIX)

Ex-Dividend Date: April 7

Dividend Yield as of March 30: 5.69%

Edison International (NYSE:EIX) ranks eleventh on our list of the best dividend stocks for a dividend capture strategy. The California-based public utility company specializes in the generation of electricity from multiple sources, including natural gas, nuclear energy, and renewables. The company provides services to public authorities as well as commercial, residential, industrial, and agricultural sectors, among others. The stock has been under pressure for some time now, declining by over 27% since the start of 2025.

Edison International (NYSE:EIX) has been facing challenges due to the fallout from the Los Angeles wildfires, with ongoing investigations examining whether its equipment played a role in sparking the fires. Earlier this month, Los Angeles County filed a lawsuit against the company. However, it may take months before its level of involvement is determined and the legal disputes are resolved.

Despite these ongoing challenges, Edison International (NYSE:EIX) has maintained its dividend growth, supported by a solid cash position. By the end of the latest quarter, the company had around $200 million in cash and cash equivalents. In addition, its operating cash flow increased to $3.8 billion over the first nine months of the year, up from $2.5 billion in the same period the year before.

Edison International (NYSE:EIX) currently pays a quarterly dividend of $0.8275 per share. In December 2024, the company achieved its 21st consecutive annual dividend hike. The stock supports a dividend yield of 5.69%, as recorded on March 30.