A Great Growth AND Dividend Stock
Iron Mountain Profile
Iron Mountain Incorporated (NYSE: IRM) is trusted by more than 225,000 customers worldwide and was founded in 1951.
IRM is the global leader in innovative storage and information management services and stores and protects billions of valued assets.
The Company stores and protects critical business information, highly sensitive data, and cultural and historical artifacts.
Through a range of services including digital transformation, data centers, secure records storage, information management, secure destruction, and art storage and logistics.
Iron Mountain helps businesses bring light to their dark data.
This range of services enables customers to unlock value and intelligence from their stored digital and physical assets at speed and with security.
The Company also helps their customers meet their environmental goals.
Valuation
The Low PE Ratio compared to the industry average of all the Equity Real Estate Investment Trusts (REITS) is an important factor to consider when evaluating a stock.
The steady increase in earnings represents the company’s effective business model.
This being one of the prime reasons why the company is able to pay out dividends while also growing the company.
Dividends
Currently with the Dividend at 5%, Iron Mountain is a relatively high paying Dividend Stock when compared to the S&P 500.
The company currently pays a quarterly dividend.
Growth
As previously discussed, Iron Mountain’s PE Ratio and Strong Earnings make it a great Growth Stock.
According the latest annual report as of this writing, The Company’s focus is being a growth stock as well as keeping the dividend steady.
The increase in the stock price shows that Iron Mountain is one of the best growth stocks according to the stock performance.
Is Iron Mountain a Good Investment
As long as IRM continues to be a low PE ratio stock and business continues to grow then Iron Mountain is a good investment.
Personally buying the stock, it is currently outperforming the overall stock market and all my other stock picks.
I am not a financial advisor and do not give financial advice. I am just demonstrating what I am doing so you can make a decision for yourself.
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