On Thursday, Iron Mountain Inc (Symbol: IRM) reported a quarterly dividend yield exceeding 4%, based on an annualized dividend of $2.474 per share, with shares trading as low as $61.07. As part of the S&P 500 Index, Iron Mountain’s dividend performance is notably significant, given that dividends historically contribute a substantial portion of the total stock market return.
For instance, an investment in the S&P 500 ETF (SPY) since December 31, 1999, yielded a price drop from $146.88 per share to $142.41 by December 31, 2012. However, through dividends totaling $25.98 per share, investors experienced a positive total return of 23.36%. This highlights the attractiveness of a sustainable yield above 4%, especially in comparison to historical performance.
