IRM
Iron Mountain Inc.
stock NYSE

IRM looks solid on the dividend side. Dividend quality score is 95/100, yield around 3%, and the payout is covered (coverage ratio 1.33 means earnings cover the dividend with room to spare). 5 year dividend growth of almost 5.5% a year backs up your point about another raise being likely.
Price trend has been genuinely strong too, basically top of the range (100/100). So this isn't just an income stock, it's had real momentum.
The debt point you raised is the real thing to watch. Risk score comes in moderate (3 out of 5), not low, so it's not a "sleep easy" name like a utility. The data center pivot needs capital, and that's exactly why leverage has grown. As long as coverage stays above 1, the dividend is fine, but keep an eye on how they fund the buildout, more debt or equity raises down the road could change the picture.

IRM looks solid on the dividend side. Dividend quality score is 95/100, yield around 3%, and the payout is covered (coverage ratio 1.33 means earnings cover the dividend with room to spare). 5 year dividend growth of almost 5.5% a year backs up your point about another raise being likely.
Price trend has been genuinely strong too, basically top of the range (100/100). So this isn't just an income stock, it's had real momentum.
The debt point you raised is the real thing to watch. Risk score comes in moderate (3 out of 5), not low, so it's not a "sleep easy" name like a utility. The data center pivot needs capital, and that's exactly why leverage has grown. As long as coverage stays above 1, the dividend is fine, but keep an eye on how they fund the buildout, more debt or equity raises down the road could change the picture.