31.47 +0.16 (0.51%)
After hours: 7:58PM EDT
|Bid||31.28 x 1800|
|Ask||31.47 x 4000|
|Day's Range||31.26 - 31.99|
|52 Week Range||30.22 - 37.32|
|Beta (3Y Monthly)||0.71|
|PE Ratio (TTM)||25.94|
|Earnings Date||Jul 25, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||2.44 (7.52%)|
|1y Target Est||36.20|
The dividend yield is at an all-time high since we first recommended real estate investment trust Iron Mountain (IRM) two-and-a-half years ago, observes Ian Wyatt, growth and income expert and editor of High Yield Wealth.
Iron Mountain Inc NYSE:IRMView full report here! Summary * Perception of the company's creditworthiness is positive and improving * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is moderate Bearish sentimentShort interest | NeutralShort interest is moderate for IRM with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $1.89 billion over the last one-month into ETFs that hold IRM are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator with a strengthening bias over the past 1-month. IRM credit default swap spreads are decreasing and near the lowest level of the last three years, which indicates improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
[Editor's note: This story was previously published in November 2018. While it has been edited and republished, some nonessential information may no longer be current.]No matter where we are in the investing cycle, dividend stocks never go out of style. However, it's during times of unpredictability that investors seek out dividend aristocrats. But despite, there are other dividend stocks out there that are still worth checking out despite not being in this exclusive club.Regardless of the dividend stock's status, investors must consider the following when looking at good income stocks to buy: Investors should select a company that has a history of steady increases in dividend distributions, has growing cash flow every year and is still trading a discount or up to fair value.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Reasons to Buy Alphabet Stock Despite Its Earnings Miss With that in mind, here are the seven dividend stocks that are worth your money: Ford (F)Source: Shutterstock Starting with one of the most cyclical but most dependable in dividend income on this list, Ford (NYSE:F) offers a dividend yielding 5.8%.The selling pressure F stock saw near the tail-end of 2018 was replaced by a bit more optimism in 2019, as F stock slowly accelerated throughout 2018 as markets fretted over a U.S.-led trade war that hurt car sales. Selling finally capitulated in late-October, with Ford stock falling to below $8.17 before rebounding.But the company's quarterly earnings report offered no evidence that business was so bad the stock deserved to fall. Instead, Ford reported a solid earnings-per-share and revenue beat of 29 cents (non-GAAP) and $37.67 billion, respectively.The economic cycle may hurt auto sales, but Ford is ready to take on the challenging environment. It benefited from a strong product mix in North America, driving revenue up 3% year-over-year. Cash of $23.7 billion and cash liquidity of $23.7 billion suggests Ford will not cut the dividend any time soon. It may even issue a special dividend if truck and SUV sales exceed estimates in 2019. Philip Morris International (PM)Source: Shutterstock Philip Morris International (NYSE:PM) has a dividend yielding 5.8%.Rumors that the U.S. Food and Drug Administration plans to impose restrictions on e-cigarette sales hurt PM's stock price slightly. Still, the stock is holding up better than other cigarette suppliers.Philip Morris is adapting to the change in smoking habits. It continues to invest in its IQOS device, which has helped the company significantly in the longer term. In Q3, the margin impact of lower IQOS device sales lifted operating income by 7.6%. IQOS 2 launched at the end of 2018 in Japan with notable success. By offering an alternative to cigarette smoking as consumers embrace the heated tobacco system, this company will bring in revenue growth quarter-after-quarter. * The 10 Best Stocks to Buy for May And with that trend playing out, management may reward its loyal investors by increasing its dividends in the years ahead. Dominion Energy (D)Source: Shutterstock Dominion Energy (NYSE:D) has a dividend yield of 4.8%, which is down since June and for a good reason: The stock rallied from $61.53 and closed recently around $77.12.The company's stock has started to rise out of its 2019 range, but it still has some legroom to run. Dominion Energy earned $1.15 a share and $3.16 so far for the nine months of the year. Power generation, power delivery and gas infrastructure revenue all came within the guidance range midpoint.For the full-year 2018, Dominion Energy expects EPS in the range of $3.95 - $4.10. Its 2017-2020 operating EPS CAGR will be 6% - 8%.Income investors may look forward to the completion of the SCANA merger later this year, as Dominion's business plan includes a diverse growth capital investment program that will spread its business risks.Ultimately, this dividend stock is worth considering when you consider that it is starting a variety of businesses, has an improved risk profile, strong earnings results. Chevron (CVX)Source: swong95765 via Flickr (Modified)Chevron (NYSE:CVX) is a major integrated oil and gas firm with a dividend yield of 4%.Chevron's upstream operations found a boost at the end of 2018 going into 2019, earning 828 million -- a vast improvement from a loss of $26 million last year. The unit benefited from crude oil prices moving higher, while the company increased production. * 3 Marijuana Stocks to Buy After the Midterms Meanwhile, CapEx levels are trending slightly higher at 5% above expectations. YTD, it is $600 million above its plan. The company expects cost trends to level out and savings to be realized over time, all of which bodes well for CVX in the future. Iron Mountain (IRM)Source: Shutterstock At 7.5%, Iron Mountain Incorporated (NYSE:IRM) offers one of the highest dividend yields on this list of dividend stocks to buy.The company recently reported impressive third-quarter results, which were supported by internal storage rental revenue and margin expansion.In Q3, revenue rose 12%, while adjusted EBITDA jumped 15%. These results allowed the company to declare a 4% increase in its Q4 dividend payout. Iron Mountain benefited from rental revenue growing 2.6% so far this year. Internal service revenue growth of 5.2% is due to grow in the shred business, digitization and special projects.Markets often question the sustainability of Iron Mountain's dividend, but the NOI CAGR of 3.1% for Physical Storage, plus its expansion in emerging markets and data center, suggest the company will grow EBITDA through the end of 2020. If business keeps up at this strong pace, the share price will go up, lowering the dividend yield. But management may just hike the dividend in the future to keep its yield attractive while rewarding its shareholders.The takeaway here is that Iron Mountain is in the process of shifting its business into new segments. It has time to make the conversion because its borrowing was at a fixed-rate, averaging 4.8%. Even as rates move higher, Iron Mountain's interest rate costs will not go up enough to hurt the dividend payout. BCE Inc (BCE)Source: BCE, Inc. Telecom giant BCE Inc (NYSE:BCE) is a Canadian firm whose dividend yields 5.6%.It is this high because the stock fell steadily throughout 2017, down 16.6% from a 52-week high. Bell allayed fears of any business weakness when it reported a good third-quarter report. It added 266,000 wireless, internet and IPTV customers, an increase of 78,000 or 41.5% from last year. In the more important wireless division, Bell added 178,000 wireless customers -- the best ever for a Q3 period. This added 5.9% in revenue growth and 4.5% higher adjusted EBITDA.Q3 is seasonally the weakest period for Bell, but the firm reported a 1.1% increase in revenue.In 2019, BCE will cut 4% of its management staff (700 positions). The capital intensity ratio will fall along with total cash pension funding. In effect, the cost controls will keep profit margins strong while the firm continues to pay out a dividend to shareholders. * 6 Pharmaceutical Stocks to Buy After the Midterms Sure, investors could consider AT&T (NYSE:T) as an alternative, especially given that the dividend is 6.5%. But since BCE is a pure play in wireless and internet markets, with little exposure to content other than its CTV unit, it has a distinct advantage depending on your investment approach. And for that reason, I chose BCE instead. BP (BP)Source: Shutterstock BP (NYSE:BP) is a major integrated oil and gas firm whose stock pulled back 14.55% from yearly highs. The dividend yields 6.1%, which is elevated because oil prices fell recently and took BP stock down with it.However, markets are quick to forget BP's solid third-quarter beating consensus estimates. The firm reported profits of $3.8 billion, more than double that of last year's level. Revenue grew a staggering 32% from last year to $79.5 billion. After dropping from $47.83 to below $41, the market is signaling that it does not believe the company will report profit growth with oil prices lower.BP is well-prepared for an even bigger drop in oil prices. Over the years, it shed non-core assets, strengthened its balance sheet and continued paying a dividend despite the fluctuations in oil prices. Its underlying cash flow inflow is balanced with the outflow of organic capital expenditure and dividends. Should cash flow fall due to lower oil prices, BP may sustain its dividend but lower spending.To keep growing in the future, BP has five major projects currently in operation: Thunder Horse Northwest Expansion, Western Flank B, Atoll, Taas Expansion and Shah Deniz 2.BP's outlook is bright. It is shedding over $3 billion in assets and spending ~ $15 billion in capital expenditure in 2018. In the upcoming fourth quarter, it forecasts higher production from upstream. Downstream will benefit from higher levels of a turnaround thanks to its Whiting refinery in the U.S.Will oil prices keep falling? No one knows, but BP is prepared. It forecast EPS growth through to 2021 on ~ 50/bbl in 2018 and just $35 - $40/bbl by 2021. In short, if oil prices hold $60 -$65 for the next few years, investors get a dividend and BP stock will keep going up.As of this writing, Chris Lau owned shares of F and BP. More From InvestorPlace * 7 A-Rated Stocks That Are Under $10 * 7 Stocks That Are Soaring This Earnings Season * 5 Biotech Stocks for a Long-Lived Portfolio * 10 Times Apple's Hardware Failed Consumers -- And Hurt Its Business Compare Brokers The post 7 Dividend Stocks That Are Worth Your Money appeared first on InvestorPlace.
Iron Mountain's (IRM) performance in first-quarter 2019 reflects higher labor costs and lower-than-expected growth in revenues. However, management maintains its full-year outlook.
BOSTON (AP) _ Iron Mountain Inc. (IRM) on Thursday reported a key measure of profitability in its first quarter. The results fell short of Wall Street expectations. The real estate investment trust, based in Boston, said it had funds from operations of $137.5 million, or 48 cents per share, in the period.
BOSTON , April 25, 2019 /PRNewswire/ -- Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, announces financial and operating results for the first quarter ...
Flowers are starting to bloom. The sound of lawn mowers is beginning to fill the air. And the weather is getting warmer. That means it's time to start hearing about how we should "sell in May and go away." But that old adage continues to be a load of baloney. The truth is, the calendar has little to do with the actual outcome for the markets. Fundamentals matter more. And the right now, the fundamental picture is bullish with a side of caution.Which means dividend stocks could be the best plays of the summer.Thanks to their steady payouts, dividends stocks are naturally less volatile than their non-paying peers. Moreover, if the old market adage holds true this summer, getting a 2% to 4% return in cash is better than no return at all. The combination of these two factors can make dividend stocks some of the best places to park your money as the spring sets in and the weather heats up.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Sell Before They Give Back 2019 Gains But which dividend stocks? Here are five top-notch stocks to buy that should provide a whole summer full of gains. Dividend Stocks to Buy: Iron Mountain Inc (IRM)Source: Shutterstock Dividend Yield: 6.8%Data. From companies to individuals, we make a ton of it these days. And storing it, in both physical and digital forms, happens to be one of the best dividend stocks around in Iron Mountain (NYSE:IRM).IRM is the largest records storage provider in the world and operates more than 1,400 facilities around the world. This is more 85 million square feet of space dedicated to document storage. This includes its irreplaceable wholly owned salt caverns used for critical document storage to smaller safe-like facilities. Key customers include nearly everyone in the Fortune 1000 as well as various government organizations. With retention rates as high as 98%, IRM is able to pull in some hefty cash flows from the "rent" it charges these customers.Even better is that Iron Mountain has continued to adapt with the times.While physical document storage is still required, today's digital age requires a different set of storage. To that end, IRM has begun to offer cloud and digital hard drive access for its clients. In fact, the firm has now moved into the top ten in terms of capacity. Given its leadership position in storage, it's easy for firms to make the pivot into these digital offerings from IRM and growth remains brisk. Even better is that these digital storage offerings often come with heftier margins for Iron Mountain.All of this has done wonders for IRM's dividend which currently stands at 6.8%. General Mills (GIS)Source: Carlos via Flickr (Modified)Dividend Yield: 3\. 8%There's power in a bowl of Cheerios … well, at least enough for those investors looking at dividend stocks. Packaged food manufacturer General Mills (NYSE:GIS) has used brands like Totino's, Lucky Charms and Yoplait to power its dividend for decades. In fact, it managed to raise that dividend annually for the last 15 years straight. And it looks like GIS will keep the streak going throughout the summer and far into the future.Thanks to a smart turnaround plan, GIS has regained its mojo in a big way.First, the firm has used its top brands to add extensions into new products. Secondly, General Mills has leaned heavily on organic/natural brands for additional growth. Blue Buffalo pet food, Annie's organic and Cascadian Farm are now leading drivers at the food firm. Finally, if couldn't develop its own, General Mills has been a smart acquirer of smaller and scalable food brands in key niche markets. A hefty dose of price increases for these premium products has hurt either.All of this has helped boost the firm's bottom line. Adjusted EPS for the most recent quarter jumped by more than 6% in constant currency, while free cash flows have surged. With these continued improvements, GIS has upped its guidance for the rest for the year and management has pledged to reward shareholders. * 10 High-Yielding Dividend Stocks That Won't Wilt Given its recent wins and steadfast nature, GIS could be one of the best dividend stocks to buy for summer. Tractor Supply Company (TSCO)Source: Bfraser8 via Wikimedia (Modified)Dividend Yield: 1.2%It's no secret that retail is a bloodbath these days, as online shopping and kingpins like Amazon (NASDAQ:AMZN) have hurt smaller competitors. But there are plenty of retailers operating in strong niches immune from Amazon's wraith. To find one of the best examples, head west into big sky country.Tractor Supply Company (NASDAQ:TSCO) operates more than 1,700 stores serving farmers and more rural Americans. The beauty is that many of TSCO's offerings aren't the sort of thing you log into Amazon.com to buy. Farm gates, barbed wire and tractor attachments aren't easily shippable and often, customers need these items today. Because of this, Tractor Supply continues to see a steady and rising base of sales. Last year, TSCO pulled in more than $7.9 billion in revenues.That profitable niche has made TSCO one heck of a dividend stock as well. Since 2010, Tractor Supply has managed to grow its dividend payout by a staggering 757%.And that growth will continue. TSCO plans on opening more stores to meet the needs of rural customers. Meanwhile, its newly acquired PetSense brand of stores has quickly seen plenty of growth. Like Tractor Supply, PetSense focuses on the rural marketplace- a niche that is often ignored from other major pet retailers. Together, the two stores form an interesting and Amazon-proof play.A play that will pay plenty of dividends going forward. Microchip Technology Inc (MCHP)Source: Shutterstock Dividend Yield: 1.5%Technology is everywhere these days, from your car and phone to even your toaster. And most modern tech, no matter how complex, is built on the backbone of semiconductors. Microchip Technology (NASDAQ:MCHP) has been building those chips and paying a dividend for years.MCHP produces a host of analog and microcontroller semiconductors. These are the boring building blocks of the modern world. But boring is beautiful when it comes to dividends and cash flows. Microchip sells a ton of these to a variety of end-users. And it continues to sell more as the world modernizes. Last quarter, revenues jumped 18.1% sequentially and 41.5% from the year-ago period. This was another record quarter for the firm. Meanwhile, profits continue to rise as well.Part of that comes from MCHP's continued pivots into more advanced semiconductors. These include new automotive power, battery/green technologies and networking chips. The extra boosts here plus the firm's steady cash flows from its analog business has continued to make it a dividend champion.MCHP has been paying a dividend since 2003 and with its latest increase, Microchip has raised its dividend 58 times by a total of 1,725% * 7 Tech Stocks With Too Much Risk, Not Enough Upside At the end, when it comes to dividend stocks, MCHP has the goods to keep the payouts rolling. Invesco High Yield Equity Dividend Achiever ETF (PEY)Source: Shutterstock Dividend Yield: 3.8%Perhaps the best way to score some great dividend stocks is to own them all. A great to do that is through the Invesco High Yield Equity Dividend Achievers ETF (NYSE:PEY).PEY tracks the NASDAQ US Dividend Achievers 50 Index. This index holds fifty U.S. stocks that have not only high initial yields, but also show consistent growth in their dividend payouts. This eliminates those stocks that have high yields because of problems. You get both a good yield today and income that grows tomorrow. Top holdings include stalwarts like Dominion Energy (NYSE:D) and Quamcomm (NASDAQ:QCOM). The combination of stocks produces a decent 3.8% dividend yield. An added bonus for retirees is that PEY pays its dividend monthly.Even better is that PEY has been a top performer among other ETFs tracking dividend stocks.PEY has managed to best the more popular iShares Select Dividend ETF (NYSE:DVY) and its underlying index -- the Dow Jones US Select Dividend Index -- by about two basis points over the last decade.In the end, those investors looking to load up on dividend stocks for the summer, PEY could be a great all-in-one solution. Expenses for the ETF run at just 0.54% or $54 per $10,000 invested.At the time of writing, Aaron Levitt was long AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Oversold Stocks to Run From * 7 Red-Hot E-Commerce Stocks to Consider * 4 Stocks Surging on Earnings Surprises Compare Brokers The post 5 Hot Dividend Stocks to Buy as the Weather Heats Up appeared first on InvestorPlace.
While ongoing growth in storage rental revenues will likely buoy Iron Mountain's (IRM) first-quarter 2019 performance, lower volumes in its developed markets remains a concern.
Robust fundamentals and favorable industry tailwinds aid Crown Castle International (CCI) to record stellar growth in site rental revenues in Q1.
Decline in rental revenues, lower occupancy in the company's suburban portfolio and tenant bankruptcy dent SL Green Realty's (SLG) first-quarter 2019 results.
Iron Mountain (IRM) wins Google Cloud Technology Partner of the Year - AI and Machine Learning Award for the company's content-services platform, InSight.
New energy transactions in Texas and Illinois deliver 100 percent renewable power to facilities in both states BOSTON , April 10, 2019 /PRNewswire/ -- Iron Mountain Incorporated ® (NYSE: IRM), the global ...
Award recognizes Iron Mountain InSight cloud-based platform leveraging Google Cloud's artificial intelligence and machine learning that delivers revenue opportunities and accelerates digital transformation ...
The government requires hedge funds and wealthy investors that crossed the $100 million equity holdings threshold are required to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings level the playing field for ordinary investors. The latest round of 13F filings disclosed the […]
BOSTON, April 5, 2019 /PRNewswire/ -- Iron Mountain Incorporated® (IRM), the global leader in storage and information management services, today announced that for the second consecutive year, it received a perfect score of 100 on the 2019 Corporate Equality Index (CEI), the nation's premier benchmarking survey and report on corporate policies and practices related to LGBTQ workplace equality, administered by the Human Rights Campaign (HRC) Foundation. Iron Mountain joins the ranks of over 560 major U.S. businesses that also earned top marks this year.