Iron Mountain: 6% Yield, Growing Data Center Business

Looking for Tech-related dividends? This stock yields 5.87%, with an 80% AFFO payout ratio. It has outperformed its sector and the S&P over the past month, quarter, year, and in 2021. Earnings growth and industry comps for valuations, profitability, and performance are covered in this article.

Iron Mountain (IRM), traditionally known as a records storage REIT, has been investing in the growing data center industry over the past few years. Although its data center operations still only account for under 10% of company revenue, they continued to be a bright spot, growing 4% in Q1 '21.

Source: Seeking Alpha

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