Iron Mountain Keeping Dividend Steady
Iron Mountain has declared plans to keep its quarterly dividend steady at $0.27 per share.
The storage and data management company has paid this amount to investors since July 2012, after boosting its payout by $0.02, or 8%, from $0.25. Additionally, in November 2012 Iron Mountain also paid investors a special dividend of $4.06. The company will pay its current quarterly dividend on Oct. 15 to shareholders of record as of Sept. 25.
Annualized, Iron Mountain's dividend adds to $1.08 per share of common stock. As of the market's close on Sept. 10, the company's stock was trading at $25.85, which means its current dividend yield is approximately 4.2%.
The article Iron Mountain Keeping Dividend Steady originally appeared on Fool.com.Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.