Can Iron Mountain maintain its dividend?

Is Iron Mountain dividend secure?

Based on earnings, Iron Mountain distributes 93.9% to its shareholders Our metric indicating of the reliability of the dividend is 0.96 out of max. 1.0. This indicates a very reliable dividend payer in the past.

Is Iron Mountain a good company to invest?

Iron Mountain (IRM) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). … Therefore, the Zacks rating upgrade for Iron Mountain basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Is IRM dividend qualified?

BOSTON–(BUSINESS WIRE)–Iron Mountain Incorporated (NYSE: IRM), the leading information management company, today announced the tax treatment for all 2021 distributions on its common stock. Qualified Taxable Dividend and Section 199A Dividend are subsets of, and included in, Ordinary Taxable Dividend.

Why is Iron Mountain dividend so high?

The dividend and more

Because it’s a REIT and wants to avoid a dividend cut, it has to look to capital markets to help fund that shift. The means debt and stock sales are key issues for investors to monitor. … Iron Mountain’s debt, meanwhile, is fairly high.

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How often does Iron Mountain pay out dividends?

How often does Iron Mountain pay dividends? Iron Mountain (NYSE:IRM) pays quarterly dividends to shareholders.

Is Iron Mountain real?

Today, Iron Mountain stands as the industry leader in storage and information management services, serving 230,000 customers in 50+ countries on five continents. Publicly traded on the NYSE under IRM, Iron Mountain is an S&P 500 company and a member of the Fortune 1000 (currently ranked: 619).

Is Iron Mountain stock a REIT?

At a lower price, Iron Mountain Incorporated (IRM), a specialty REIT with a $13 billion valuation, is particularly appealing. Iron Mountain is a must-own dividend stock due to its attractive valuation, growing TAM, and potential for dividend growth.

Why is Iron Mountain a REIT?

Iron Mountain Inc is a record management services provider. The firm is organized as a REIT. Most of its revenue comes from its storage business, with the rest coming from value-added services.

Is Iron Mountain a sell?

Iron Mountain has received a consensus rating of Hold. The company’s average rating score is 2.33, and is based on 2 buy ratings, no hold ratings, and 1 sell rating.

Does WPC pay monthly dividends?

The next W. P. Carey Inc dividend is expected to go ex in 1 month and to be paid in 2 months. The previous W. P. Carey Inc dividend was 105.5c and it went ex 2 months ago and it was paid 1 month ago.

Dividend Summary.

Summary Previous dividend Next dividend
Pay date 14 Jan 2022 (Fri) 14 Apr 2022 (Thu)

How long has IRM paid dividends?

Dividend History for Iron Mountain, Inc. (IRM)

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Ex-Div. Date Amount Pay. Date
9/13/2019 $0.611 10/2/2019
6/14/2019 $0.611 7/2/2019
3/14/2019 $0.611 4/2/2019
12/14/2018 $0.611 1/3/2019

What stocks pay dividends monthly?

High Yield Monthly Dividend Stocks

  • Main Street Capital Corporation (NYSE:MAIN) Dividend Yield as of January 14: 5.85% …
  • LTC Properties, Inc. (NYSE:LTC) …
  • Pembina Pipeline Corporation (NYSE:PBA) Dividend Yield as of January 14: 6.23% …
  • Gladstone Capital Corporation (NASDAQ:GLAD) …
  • Sabine Royalty Trust (NYSE:SBR)

Is IRM overvalued?

PB vs Industry: IRM is overvalued based on its PB Ratio (16.5x) compared to the US REITs industry average (1.9x).

How does Iron Mountain make money?

The core of the story. Iron Mountain’s largest business is the secure storage and management of paper records. The company also handles other items, such as art, but corporate record-keeping is the big driver.

Is IRM in a short squeeze?

A short squeeze for Iron Mountain occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of IRM, which in turn drives the price of the stock up even further.