Is Verizon Communications Inc. NYSE:VZ a Top Socially Responsible Dividend Stock?

Verizon Communications Inc. (NYSE:VZ) is known for its reliable and top-notch communication services, but did you know it is also considered a top socially responsible dividend stock?

With a yield of 6.8%, Verizon's dividend is quite attractive to income-focused investors. However, what sets Verizon apart from other dividend stocks is its commitment to social responsibility. The company has made significant investments in environmental sustainability, diversity and inclusion, and community engagement.

Verizon is largely controlled by institutional shareholders, who own 65% of the company. These institutions value both financial growth and societal impact, making Verizon a popular choice for socially responsible investing.

Recently, Everence Capital Management Inc. sold some of its shares in Verizon. While this may raise concerns for some investors, it is important to note that Everence Capital Management Inc. still holds a significant stake in the company, indicating their confidence in Verizon's long-term prospects.

If you are considering investing in Verizon, it is always advisable to seek professional guidance. Stocks Prognosis, a team of experts in the stock market, can provide valuable insights and forecasts on the future movement of Verizon's shares. Their professional advice can help you make informed investment decisions.

In conclusion, Verizon Communications Inc. is not only a leading provider of communication services but also a top socially responsible dividend stock. With a strong commitment to sustainability and community engagement, Verizon continues to attract both institutional and socially conscious investors alike.