Iron Mountain Incorporated (IRM) to Issue Quarterly Dividend of $0.86 on April 3rd

Iron Mountain Incorporated (NYSE:IRMGet Free Report) declared a quarterly dividend on Thursday, February 12th. Shareholders of record on Monday, March 16th will be paid a dividend of 0.864 per share by the financial services provider on Friday, April 3rd. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, March 16th.

Iron Mountain has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 3 years. Iron Mountain has a dividend payout ratio of 148.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Iron Mountain to earn $5.03 per share next year, which means the company should continue to be able to cover its $3.45 annual dividend with an expected future payout ratio of 68.6%.

Iron Mountain Stock Up 3.5%

Shares of NYSE IRM opened at $109.72 on Friday. Iron Mountain has a twelve month low of $72.33 and a twelve month high of $110.91. The business has a fifty day simple moving average of $88.80 and a two-hundred day simple moving average of $93.70. The firm has a market cap of $32.43 billion, a PE ratio of 228.59 and a beta of 1.16.

About Iron Mountain

(Get Free Report)

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.

See Also

Dividend History for Iron Mountain (NYSE:IRM)

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