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Yes, vertical alignment options are available. If you go to the Format menu, the Cells and then Alignment, you will find options there for doing it. You will only see the impact of it, if the row you are working in is higher than normal, in order to give space for the vertical alignment to happen. You can have top, middle and bottom alignment.
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How are vertical and horizontal alignment done in Excel?

Horizontal alignment is the positioning of content in the cell across, like to the left, right or centre. Vertical alignment is the position of the content from the top of the cell to the bottom of a cell. If a cell is increased in height over its usual setting, then the vertical alignment can be used to position content at the top, middle or bottom of a cell. Both vertical and horizontal alignment can be done on the Alignment tab in the Format Cells dialog box. Pressing Ctrl-1 will open it.


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What are the vertical sectors of an excel worksheet?

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