Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 2.93%.
YIELD ON COST (YOC)
2.93%
IRM now pays $3.38 per share a year. Measured against the price it actually traded at back then, a long-term holder is earning:
| If you bought | Price then | Yield on cost today |
|---|---|---|
| 10 years ago(2016-09-06) | $39.58 | 8.54% |
| 5 years ago(2021-09-14) | $45.44 | 7.44% |
| 3 years ago(2023-09-15) | $62.85 | 5.38% |
| 1 year ago(2025-09-09) | $96.67 | 3.50% |
| Buying today(at $111.38) | $111.38 | 2.93% |
Projection: starting from today's 2.93% yield, assuming the dividend keeps compounding at 5.6% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
2.93%
In 3 years
3.45%
In 5 years
3.84%
In 10 years
5.03%
Try your own purchase price, dividend and growth rate for Iron Mountain Incorporated (IRM).
Starting Yield
3.03%
Ending YOC
5.80%
Year 15 Dividend
$6.46
Cum. Dividends Recd.
$72.86
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $3.38 | N/A | 3.03% | $0.00 |
| Year 1 | $3.53 | +4.41% | 3.17% | $3.53 |
| Year 2 | $3.68 | +4.41% | 3.31% | $7.21 |
| Year 3 | $3.85 | +4.41% | 3.45% | $11.06 |
| Year 4 | $4.02 | +4.41% | 3.61% | $15.08 |
| Year 5 | $4.19 | +4.41% | 3.77% | $19.27 |
| Year 6 | $4.38 | +4.41% | 3.93% | $23.65 |
| Year 7 | $4.57 | +4.41% | 4.10% | $28.22 |
| Year 8 | $4.77 | +4.41% | 4.29% | $33.00 |
| Year 9 | $4.98 | +4.41% | 4.47% | $37.98 |
| Year 10 | $5.20 | +4.41% | 4.67% | $43.18 |
| Year 11 | $5.43 | +4.41% | 4.88% | $48.62 |
| Year 12 | $5.67 | +4.41% | 5.09% | $54.29 |
| Year 13 | $5.92 | +4.41% | 5.32% | $60.21 |
| Year 14 | $6.18 | +4.41% | 5.55% | $66.40 |
| Year 15 | $6.46 | +4.41% | 5.80% | $72.86 |
Yield on cost is the dividend yield measured against your original purchase price, not today's price. As a company raises its dividend, the yield on what you actually paid keeps rising even when the market yield holds steady.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
