Dividends4Life: This High-Yield Stock Now Pays 7%

This High-Yield Stock Now Pays 7%

Posted by D4L | Wednesday, April 24, 2019 | | 0 comments »

The past few years, I’ve urged readers to study a little-followed group of businesses I consider “cash cows.” Large investors generally ignore this area of the market, but for dividend investors, it’s an extraordinary place to shop for high-yield stocks. These companies represent mature businesses. Because they have less in the way of growth potential, management has no reason to invest in new factories, plants, or equipment. For this reason, executives pay out most of their cash flows to shareholders. And as a result, it’s not uncommon to see these stocks pay yields as high as 21%.

It appears this opportunity won’t last forever, though. Recently, research analysts at Bank of America initiated coverage on one of my favorite such cash cows: Iron Mountain Inc (NYSE:IRM). I’ve also noticed the company getting more attention in the financial press. Iron Mountain Inc specializes in storing documents and other valuables for corporate clients. The company operates more than 1,400 facilities worldwide totaling some 85 million square feet. To put that number into perspective, that’s enough space to hold 600 Costco Wholesale Corporation (NASDAQ:COST) stores laid end-to-end.

Source: Income Investors

Related Articles:
- 5 Dividend Stocks With A Quick Payback
- 3 High-Rated Dividend Stocks With Above Target Returns
- 2 Dividend Stocks For Healthy and Wealthy Retirement
- 4 High-Yielding Utilities With A Growing Dividends
- 10 Dividend Stocks With A 10%+ Dividend Growth Rate

Click here to have future posts delivered to you for free!



Post a Comment

Note: Only a member of this blog may post a comment.

Dividend Growth Stocks News


Popular Posts Last 30 Days