20 Great Dividend Paying Stocks
#5 Iron Mountain Incorporated (IRM)
Dividend Yield: 5.6%
Iron Mountain Incorporated is one of the best dividend paying stocks on the market today. The company boasts a 5.65 dividend yield and a forward P/E ratio of 18.2. The real estate investment trust company has experienced a dividend growth streak for six years and counting now, and first opened in 1951. The company makes its money from storing and protecting all types of information for its more than 230,000 customers with records and information management accounting for 75% of revenue and storage for 81% of the company’s overall profits. Iron Mountain has an extremely diversified customer base (more than 95% are Fortune 1000 companies), and the average lifespan per customer is more than 50 years.
