Iron Mountain Incorporated (IRM) To Go Ex-Dividend on December 15th

Iron Mountain Incorporated (NYSE:IRM) declared a quarterly dividend on Wednesday, November 5th. Investors of record on Monday, December 15th will be paid a dividend of 0.864 per share by the financial services provider on Tuesday, January 6th. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Monday, December 15th. This is a 10.1% increase from Iron Mountain’s previous quarterly dividend of $0.79.

Iron Mountain has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 3 years. Iron Mountain has a payout ratio of 148.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research 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 Trading Down 5.4%

IRM stock traded down $4.74 during midday trading on Friday, reaching $83.29. The company had a trading volume of 3,223,706 shares, compared to its average volume of 2,300,088. The company has a 50 day moving average of $95.81 and a two-hundred day moving average of $97.17. The company has a market capitalization of $24.62 billion, a P/E ratio of 157.16 and a beta of 1.14. Iron Mountain has a 1 year low of $72.33 and a 1 year high of $113.57.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.03. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. Iron Mountain had a net margin of 2.40% and a negative return on equity of 112.70%. Iron Mountain’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.13 earnings per share. Iron Mountain has set its FY 2025 guidance at 5.040-5.130 EPS. On average, sell-side analysts anticipate that Iron Mountain will post 4.54 earnings per share for the current year.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers’ work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.