Why Iron Mountain Is a Dividend Investor’s Dream
There are a few factors that make the "ideal" dividend stock. A high yield is the obvious one, but dividend safety and long-term growth potential are important, as well. One dividend stock that checks all of the boxes is Iron Mountain (NYSE: IRM), a records and data storage company that operates as a real estate investment trust, or REIT.
Iron Mountain is a leader in records storage and information management, operating in 1,455 facilities located in 47 countries around the world, with a total of 87 million square feet of space. Just to give you an idea of the scale of Iron Mountain's operations, the company stores 682 million cubic feet of hardcopy records, 89 million pieces of media, and one billion medical images. Ninety-five percent of the Fortune 1000 are Iron Mountain customers, and the overall client list has more than 230,000 customers on it.
Iron Mountain is a leader in secure document storage. Image Source: Getty Images. (Note: Image doesn't necessarily depict an Iron Mountain facility.)
Source: Fool.com
Iron Mountain Stock
With 10 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
At the moment Iron Mountain has reached the predicted target price of 101 €, with a current price of 100.85 €.
