Iron Mountain Inc.
S&P 500IRM/Real Estate · REIT - Specialty/NYSE
Dividend Yield
2.56%
$3.38 · Annual Dividend
Dividend Safety Rating
IRM's dividend shows some areas that warrant monitoring. Strengths include a 21.0% operating margin & 54.0% gross margin. Areas of concern: 138.1% fcf payout ratio & 72.5% cfo payout ratio. The dividend has been growing at a 5.41% 5-year CAGR. As a REIT, its payout is measured against FFO (funds from operations) rather than net income, since large non-cash depreciation makes the earnings payout ratio misleading.
Based on 15 of 15 metrics
Strengths
- Gross Margin: 54.0%High gross margin signals strong pricing power.
- Dividend Streak: 11+ yrsLong, uninterrupted dividend track record.
- Dividend Cut: NoneNo dividend cut in recent history.
Risks
- FCF Payout Ratio: 138.1%Free cash flow is tight relative to the dividend.
- Interest Coverage: 1.2xInterest coverage is thin relative to debt servicing.
- Net Debt / Total Assets: 89.4%Net debt is high relative to total assets.
Payout & Coverage
WarningBalance Sheet
DangerProfitability
CautionDividend Track Record
Very SafeAbout Iron Mountain Inc.
Iron Mountain Inc. is a leading provider of storage and information management solutions, operating as a real estate investment trust. It delivers comprehensive services through three primary segments: Global Records & Information Management, which handles storing, managing, digitizing, and securely disposing of records worldwide; Global Data Center Business, offering secure colocation and wholesale data center facilities to protect mission-critical IT infrastructure; and Corporate & Other, focusing on storage, safeguarding, and delivery of physical media and digital content repositories for entertainment and media clients. The company also provides digital transformation tools, information security, IT asset lifecycle management including disposition, and logistics services. Serving over 240,000 customers across 61 countries, including nearly all Fortune 1000 companies, Iron Mountain Inc. helps organizations manage physical and digital assets throughout their lifecycle, ensuring visibility, security, accessibility, and readiness for AI applications. Founded in 1951 and headquartered in Portsmouth, New Hampshire, it plays a vital role in bridging physical storage with digital innovation in the information management sector.
Dividend Overview
Dividend Yield
2.56%
Annual Dividend
$3.38
Frequency
Quarterly
Payout Ratio
358.48%
FCF Payout Ratio
138.12%
52-Week Range
$77.77 - $134.68
Dividend History (2016–2025)
IRM annual dividend per share and yield history
Earnings & Profitability
IRM earnings per share and net profit margin
Key Dates
Last Ex-Dividend Date
June 15, 2026
Next Payment Date
July 6, 2026
Dividend Growth
3-Year Dividend CAGR
9.17%
5-Year Dividend CAGR
5.41%
10-Year Dividend CAGR
5.36%
3-Year Total Growth
30.11%
5-Year Total Growth
30.11%
10-Year Total Growth
68.53%
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Frequently Asked Questions
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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.