Verizon Communications (VZ) Appoints Caroline A. Litchfield to its Board
On June 27, 2024, the Board of Directors of Verizon Communications (NYSE: VZ) elected Caroline A. Litchfield, Executive Vice President and Chief Financial Officer of Merck & Co., Inc., as a director, effective October 1, 2024. As a director, Ms. Litchfield will participate in the compensation program applicable to all non-employee directors, which is described under the heading
“Non-Employee Director Compensation” in Verizon’s definitive proxy statement on Schedule 14A, filed with the Securities and Exchange Commission on March 25, 2024. Ms. Litchfield has not yet been named to a Board committee.
Why Verizon Communications is a Top Socially Responsible Dividend Stock (VZ)
Verizon Communications Inc (Symbol: VZ) has been named a Top Socially Responsible Dividend
Stock by Dividend Channel, signifying a stock with above-average ''DividendRank'' statistics including a strong 6.4% yield, as well as being recognized by prominent asset managers as being a socially responsible investment, through analysis of social and environmental criteria.
Environmental criteria include considerations like the environmental impact of the company's products and services, as well as the company's efficiency in terms of its use of energy and resources.
Social criteria include elements such as human rights, child labor, corporate diversity, and the company's impact on society — for instance, taken into consideration would be business activities tied to weapons, gambling, tobacco, and alcohol.
According to the ETF Finder at ETF Channel, Verizon Communications Inc is a member of both the iShares MSCI USA ESG Select ETF (SUSA), making up 0.55% of the underlying holdings of the fund, as well as the iShares MSCI KLD 400 Social Index Fund ETF (DSI), where VZ makes up 0.68% of the underlying holdings of the fund.
The annualized dividend paid by Verizon Communications Inc is $2.66/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 07/10/2024. Below is a long-term dividend history chart for VZ, which the DividendRank report stressed as being of key importance.
Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.
What to Expect From Verizon's Next Quarterly Earnings Report
New York-based Verizon Communications Inc. (VZ) provides communications, technology,
information, and entertainment products and services to consumers, businesses, and governmental entities. Valued at $175.69 billion by market cap, the company offers wireless and wireline communications services and products and network access to deliver IoT services and products. The telecommunications major is expected to announce its fiscal second-quarter earnings for 2024 before the market opens on Monday, July 22.
Ahead of the event, analysts expect VZ to report a profit of $1.15 per share on a diluted basis, down 5% from $1.21 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. During the previous quarter, VZ’s fixed wireless net additions were 151,000, the best quarterly result to date.
For fiscal 2024, analysts expect VZ to report EPS of $4.59, down 2.6% from $4.71 in fiscal 2023.
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