Love Passive Income? Check Out This Ironclad 4.5%-Yielding Dividend.
Iron Mountain (NYSE: IRM) currently offers investors a 4.5%-yielding dividend. That's above the more than 3.5% average in the real estate investment trust (REIT) sector and triple the dividend yield of an S&P 500 index fund. That above-average dividend yield makes Iron Mountain an attractive option for those who love to collect passive income.
Here's a clear look at the information storage REIT and its attractive dividend.
Iron Mountain is a specialty REIT. Its global real estate network encompasses more than 1,400 facilities with over 85 million square feet of space in more than 50 counties. The company's properties store and protect valuable assets, including critical business information, highly sensitive data, and cultural and historical artifacts. It stores physical assets at its secured warehouse locations and digital information at its data centers.
Source Fool.com
