Iron Mountain IRM is a global leader in information management services, offering a range of solutions including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics.

It will report its Q4 2024 earnings before the market opens on Feb. 13. Wall Street analysts expect the company to post EPS of $0.54, up from $0.52 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $1.60 billion, up from $1.42 billion a year earlier. 

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The 52-week range of Iron Mountain stock price was $66.20 to $130.24.

Iron Mountain's dividend yield is 2.75%. It paid $2.86 per share in dividends during the last 12 months.

The Latest On Iron Mountain

On Nov. 6, the company announced its Q3 2024 earnings, posting FFO of $1.13, compared with the consensus estimate of $0.81, and revenues of $1.56 billion, compared to the consensus of $1.55 billion, as reported by Benzinga.

“We are pleased to report a very strong third quarter and continued strong momentum in the second half of 2024, resulting in all-time record Revenue, Adjusted EBITDA, and AFFO,” said William L. Meaney, president and CEO of Iron Mountain. “Our team is making outstanding progress toward our accelerated growth objectives and our Project Matterhorn operating model continues to drive our business to greater heights by providing new and enhanced solutions for our customers.”

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Check out this article by Benzinga to learn how much a $100 investment in Iron Mountain stock five years ago would be worth today.

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 $43,637, which is around 414 shares at $105.31 each. 

Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (2.75% in this case). So, $1,200 / 0.0275 = $43,637 to generate an income of $100 per month.

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

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The dividend yield can change over time. This is the outcome 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 making a steady income of $100 per month by owning 414 shares of stock. There may be more upside to come as investors benefit from the company's consistent dividend hikes. Iron Mountain has raised its dividend consecutively for the last nine years. 

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