Iron Mountain Inc. (IRM) Declares Quarterly Dividend of $0.49

Iron Mountain Inc. (NYSE:IRM) announced a quarterly dividend on Thursday, July 28th. Stockholders of record on Monday, September 12th will be given a dividend of 0.485 per share on Friday, September 30th. This represents a $1.94 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend is Thursday, September 8th.

Several equities research analysts have recently weighed in on the company. Piper Jaffray Cos. reissued a “buy” rating and issued a $43.00 price objective on shares of Iron Mountain in a research report on Tuesday, April 19th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $42.00 price objective on shares of Iron Mountain in a research report on Monday, May 2nd. TheStreet raised Iron Mountain from a “hold” rating to a “buy” rating in a research report on Thursday, April 28th. Zacks Investment Research cut Iron Mountain from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Finally, Stifel Nicolaus raised Iron Mountain from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Monday, April 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Iron Mountain currently has a consensus rating of “Hold” and a consensus price target of $39.00.

Shares of Iron Mountain (NYSE:IRM) traded up 0.59% on Thursday, reaching $41.24. The company had a trading volume of 974,368 shares. Iron Mountain has a 52-week low of $23.64 and a 52-week high of $41.30. The company’s 50-day moving average price is $39.29 and its 200-day moving average price is $33.87. The firm has a market capitalization of $8.74 billion and a price-to-earnings ratio of 60.03.

In other Iron Mountain news, CEO William L. Meaney sold 315,178 shares of the business’s stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $36.54, for a total transaction of $11,516,604.12. Following the transaction, the chief executive officer now owns 36,987 shares of the company’s stock, valued at approximately $1,351,504.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ernest W. Cloutier sold 134,462 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $39.93, for a total value of $5,369,067.66. Following the transaction, the executive vice president now directly owns 38,622 shares in the company, valued at approximately $1,542,176.46. The disclosure for this sale can be found here.

Iron Mountain Incorporated (Iron Mountain) is engaged in storing records, primarily paper documents and data backup media, and provide information management services. The Company offers records management services, data protection and recovery services and information destruction services. Its information management services are divided into three categories: records management services, data protection and recovery services, and information destruction services.