Iron Mountain Incorporated

IRM
Real Estate
$122.02
2.77%Overvalued

Iron Mountain Incorporated (IRM) is a Real Estate company that currently yields 2.77% — historically overvalued based on 10 years of dividend yield history. The Weiss valuation model places the undervaluation threshold at $31.07 and the overvaluation threshold at $114.77. 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

Underval. $31.07Overval. $114.77

Distance to undervalued

Entry price is stretched

Needs 74.5% downside to reach the Weiss buy zone

Undervaluation starts near $31.07, where the annual dividend would imply roughly 10.87% yield. That is 8.10% above today's yield.

Buy-zone price

$31.07

Target yield

10.87%

Research checklist

What to clear before buying the yield

Updated Aug 23, 2026

Dividend durability

10Y

Long dividend history supports a deeper look.

Earnings payout

240%

Coverage deserves a closer look in filings.

Cash payout

N/A

Confirm cash conversion and one-off effects.

Dividend growth

5.4%

Recent growth adds income compounding potential.

What changed

What changed since the last update

2026-08-222026-08-23

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 2.8% vs historical max 10.9% (25% of maximum).

10 consecutive years without a dividend cut.

Elevated payout ratio of 240%.

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

$292

Year 10 Income

$646

Yield on Cost

6.76%

Total Income

$4,432

Assumes dividends reinvested at current price. Simplified model — for illustrative purposes only.

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Full price history & technical analysis

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Fundamentals, valuation & analyst ratings

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Moat rating & analyst fair value

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IRM Dividend Quality Score

Quality Score

35/ 100

Risky

Payout Ratio0/25
Dividend Streak20/25
Growth (CAGR 5Y)15/20
Yield vs History0/15
FCF Coverage0/15

Key Metrics

Current Price$122.02
Annual Dividend$3.38
Current Yield2.77%
Yield — Max (10Y)10.86%
Yield — Min (10Y)3.11%
Undervalued Below$31.07
Overvalued Above$114.77
Payout Ratio239.50%
CAGR Dividend 5Y5.4%
CAGR Dividend 10Y5.4%
Years No Cut10y

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10
consecutive years of dividend growth