Iron Mountain Incorporated (IRM) To Go Ex-Dividend on March 16th

Iron Mountain Incorporated (NYSE:IRM) announced a quarterly dividend on Thursday, February 12th. Shareholders of record on Monday, March 16th will be given a dividend of 0.864 per share by the financial services provider on Friday, April 3rd. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, March 16th.

Iron Mountain has increased its dividend by an average of 0.1%per year over the last three years and has raised 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. 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 Performance

Shares of IRM opened at $106.83 on Friday. The firm has a market cap of $31.60 billion, a P/E ratio of 222.55 and a beta of 1.13. The business has a 50-day moving average of $99.25 and a 200 day moving average of $95.86. Iron Mountain has a fifty-two week low of $72.33 and a fifty-two week high of $115.24.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on IRM shares. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a report on Thursday, January 22nd. Loop Capital set a $130.00 target price on shares of Iron Mountain in a report on Wednesday, March 4th. Finally, Barclays boosted their target price on Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $116.60.

Iron Mountain Company Profile

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.