KeyBanc Flags Verizon’s (VZ) New Reporting Structure as Investor-Unfriendly

Verizon Communications Inc. (NYSE:VZ) is included among the 14 Quality Stocks with Highest Dividends.

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On March 16, KeyBanc commented on Verizon Communications Inc. (NYSE:VZ)’s planned changes to its reporting structure, which will begin in Q1. The firm said the updated disclosures are practically useless for modeling purposes. It pointed to a lack of transparency and limited comparability, making it difficult to track how the turnaround is progressing. KeyBanc also said Verizon has “certainly ‘cherry-picked’ a few good metrics while the company is hiding the bad metrics.” Overall, the firm views the changes as a negative and an investor-unfriendly move.

In a CNBC report published on February 26, Wolfe Research noted that Verizon Communications had increased its dividend in September for the 19th consecutive year. Jonathan Kees of Daiwa Capital Markets said telecom companies like Verizon tend to offer steady earnings, consistent dividend payments, and relatively stable share prices. He explained that these traits can appeal to investors during periods of economic and market uncertainty. He also suggested that the sector can serve as a more dependable option for cautious investors and viewed Verizon as having the most attractive risk-reward profile among its peers. He added that among the three major U.S. telecom companies, Verizon has the longest track record of dividend payments and remains focused on continuing to grow those distributions.

Verizon Communications Inc. (NYSE:VZ) operates as a holding company. Through its subsidiaries, the company provides communications, technology, information, and streaming services to consumers, businesses, and government customers.

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