How safe is IRM dividend?

Is IRM a good dividend stock?

(NYSE: MO), IRM is one of the best dividend stocks to buy. Iron Mountain Incorporated (NYSE: IRM)’s reported revenue for the first quarter of 2021 was $1.08 billion compared to $1.07 billion in same quarter of the previous year which shows an increase of 1.2%. … This dividend is payable on July 6, 2021.

Is IRM a safe investment?

At its core, Iron Mountain (NYSE: IRM) is a secure storage company, with operations in both physical and digital spaces. Historically, storage has been a fairly reliable business, but the future here is going to cost a lot of money to build.

Is Iron Mountain dividend safe?

The SafetyNet Pro system penalizes Iron Mountain because of its consistently high payout ratio. If the company doesn’t pull back from its recent large capital expenditures, then it might be forced to raise more debt or cut its dividend. As you can see, the Iron Mountain dividend safety is at a high risk of being cut.

Is IRM a good stock to buy 2021?

The Goldman Sachs Group is very positive about IRM and gave it a “Buy” rating on May 13, 2021.

Is IRM overvalued?

In summary, the stock of Iron Mountain (NYSE:IRM, 30-year Financials) appears to be significantly overvalued. The company’s financial condition is poor and its profitability is fair. Its growth ranks better than 77% of the companies in REITs industry.

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Is Iron Mountain undervalued?

The valuation and potential return

As can be seen from the following numbers in the table, at its current price levels, IRM is slightly undervalued by the P/AFFO and Price to real estate per share ratio, which I think makes the most sense for this particular business.

What is IRM dividend?

Ex-Dividend Date 09/14/2021. Dividend Yield 5.72% Annual Dividend $2.474.

How often does IRM stock pay dividends?

Iron Mountain (NYSE:IRM) pays quarterly dividends to shareholders.

Can Iron Mountain sustain its dividend?

No, IRM’s past year earnings per share was $2.10, and their annual dividend per share is $2.47. IRM’s dividend payout ratio is 117.8%, which is not sustainable.

What type of company is IRM?

(NYSE: IRM) is an American enterprise information management services company founded in 1951 and headquartered in Boston, Massachusetts.

Iron Mountain (company)

Type Public
Industry Information storage Enterprise information management
Founded 1951
Headquarters Boston, Massachusetts , USA
Number of locations 2,000+