How To Put $100 In Your Retirement Fund Each Month With Iron Mountain Stock

Iron Mountain Incorporated IRM is a record management services provider organized as a REIT. Most of its revenue comes from its storage business, with the rest from value-added services. The firm primarily caters to enterprise clients in developed markets.

It will report its Q3 2024 earnings on October 31. Wall Street analysts expect the company to post an EPS of $0.48, up from $0.45 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $1.55 billion, up from $1.39 billion in the year-ago period.

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The 52-week range of Iron Mountain's stock price was $56.51 to $118.47.

Iron Mountain’s stock dividend yield is 2.48%. During the last 12 months, it paid $2.86 per share in dividends.

The Latest On Iron Mountain

On Aug. 1, Iron Mountain reported its Q2 2024 earnings, posting adjusted earnings per share of 42 cents, missing the consensus of 44 cents. Quarterly revenue came in at $1.53 billion, beating the street view of $1.51 billion, as reported by Benzinga. 

Total reported revenues (excluding the impact of foreign currency exchange) increased 13.8% compared to the prior year. This was driven by an 11.5% increase in storage rental revenue and a 17.3% increase in service revenue.

AFFO was $320.9 million for the quarter, compared with $287.1 million last year, an increase of 11.8% driven by improved adjusted EBITDA. AFFO per share was $1.08, higher by 10.2% Y/Y.

On the same day, Iron Mountain's Board declared a quarterly cash dividend of $0.715 per share for the third quarter, representing an increase of 10%.

Check out this article by Benzinga to learn how much you would have now if you had invested $1000 in Iron Mountain stock five years ago.

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How Can You Earn $100 Per Month As An Iron Mountain Investor?

If you want to make $100 per month –$1,200 annually – from Iron Mountain dividends, your investment value needs to be approximately $48,387, which is around 419 shares at $115.36 each. 

Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (2.48% in this case). So, $1,200 / 0.0248 = $48,387 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.

The dividend yield can change over time as a result of fluctuating stock prices and dividend payments on a rolling basis.

For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find Iron Mountain stock an attractive option for earning a steady $100 per month by owning 419 shares of stock. 

Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today. SmartAsset’s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.

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