Iron Mountain Incorporated
IRMIron Mountain Incorporated (IRM) is a Real Estate company that currently yields 2.61% — historically overvalued based on 10 years of dividend yield history. The Weiss valuation model places the undervaluation threshold at $30.34 and the overvaluation threshold at $108.58. Iron Mountain Incorporated holds a quality score of 35/100 (Risky), reflecting 10 consecutive years of dividend growth. The 5-year dividend CAGR stands at 5.4%.
IRM Dividend Yield History — Weiss Valuation
Distance to undervalued
Entry price is stretched
Needs 76.0% downside to reach the Weiss buy zone
Undervaluation starts near $30.34, where the annual dividend would imply roughly 10.87% yield. That is 8.26% above today's yield.
Buy-zone price
$30.34
Target yield
10.87%
Research checklist
What to clear before buying the yield
Updated May 25, 2026
Dividend durability
10YLong dividend history supports a deeper look.
Earnings payout
358%Coverage deserves a closer look in filings.
Cash payout
N/AConfirm cash conversion and one-off effects.
Dividend growth
5.4%Recent growth adds income compounding potential.
What changed
What changed since the last update
2026-05-23 → 2026-05-25
No major change in signal, yield, price, quality, or payout since the last update.
Why Now?
Iron Mountain Incorporated is trading near its historical overvaluation band.
Current yield 2.6% vs historical max 10.9% (24% of maximum).
10 consecutive years without a dividend cut.
Elevated payout ratio of 358%.
What matters now
Read the signal before the headline yield
Valuation is the brake here: the yield is compressed versus its own history.
The 35/100 quality score says the headline yield needs extra skepticism.
The earnings payout ratio is above 100%, so coverage is the first risk to unpack.
IRM Dividend Income Projection — DRIP Compounder
Dividend Compounder (DRIP)
Year 1 Income
$275
Year 10 Income
$597
Yield on Cost
6.24%
Total Income
$4,135
Assumes dividends reinvested at current price. Simplified model — for illustrative purposes only.
More research
Full price history & technical analysis
TradingView ↗Fundamentals, valuation & analyst ratings
FinViz ↗Moat rating & analyst fair value
Morningstar ↗IRM Dividend Quality Score
Quality Score
Risky
Key Metrics
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In-depth analysis
→ IRM Dividend Analysis ArticleCollections