Iron Mountain Incorporated (NYSE:IRM) Announces Quarterly Dividend of $0.86

Iron Mountain Incorporated (NYSE:IRM) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Tuesday, September 15th will be given a dividend of 0.864 per share by the financial services provider on Friday, October 2nd. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Tuesday, September 15th.

Iron Mountain has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 3 consecutive 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 analysts expect Iron Mountain to earn $5.97 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 57.8%.

Iron Mountain Stock Performance

Iron Mountain stock traded up $1.75 during mid-day trading on Wednesday, reaching $127.26. The company’s stock had a trading volume of 2,711,903 shares, compared to its average volume of 1,792,236. The firm’s fifty day moving average price is $125.05 and its two-hundred day moving average price is $114.40. Iron Mountain has a 12-month low of $77.77 and a 12-month high of $134.68. The company has a market capitalization of $37.86 billion, a P/E ratio of 139.85 and a beta of 1.20.

Iron Mountain (NYSE:IRM) last posted its earnings results on Wednesday, August 5th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.90. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the prior year, the business posted $1.24 earnings per share. The business’s quarterly revenue was up 18.5% on a year-over-year basis. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. On average, research analysts predict that Iron Mountain will post 5.4 EPS for the current fiscal year.

Insider Buying and Selling

In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $126.70, for a total value of $760,200.00. Following the transaction, the executive vice president directly owned 113,507 shares in the company, valued at $14,381,336.90. This represents a 5.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Walter C. Rakowich sold 757 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $124.45, for a total value of $94,208.65. Following the completion of the sale, the director directly owned 1,135 shares in the company, valued at approximately $141,250.75. The trade was a 40.01% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 137,260 shares of company stock valued at $17,361,672 in the last ninety days. 1.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Cohen & Steers Inc. raised its stake in Iron Mountain by 20.0% in the fourth quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider’s stock valued at $1,568,110,000 after purchasing an additional 3,155,034 shares in the last quarter. State Street Corp increased its holdings in shares of Iron Mountain by 1.9% in the 3rd quarter. State Street Corp now owns 17,131,787 shares of the financial services provider’s stock worth $1,759,494,000 after buying an additional 322,144 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Iron Mountain by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 8,292,653 shares of the financial services provider’s stock worth $685,374,000 after buying an additional 102,073 shares during the last quarter. Invesco Ltd. raised its position in shares of Iron Mountain by 18.1% during the 3rd quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock valued at $516,481,000 after buying an additional 776,933 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Iron Mountain by 8.5% during the 1st quarter. Principal Financial Group Inc. now owns 4,566,093 shares of the financial services provider’s stock valued at $466,382,000 after buying an additional 358,497 shares in the last quarter. 80.13% of the stock is currently owned by institutional investors.

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.