Iron Mountain Increases Quarterly Dividend per Share by 13%
October 31 2016 - 4:30PM
Business Wire
The Board of Directors (the “Board”) of Iron Mountain
Incorporated (NYSE: IRM /ASX: INM), the storage and information
management company, declared a cash dividend of $0.55 USD per share
on the common stock and Chess Depository Interests (CDIs) of the
company, to shareholders of record at the close of business on
December 15, 2016. The company’s previous quarterly dividend per
share was $0.485, representing an increase of more than 13%.
The payable date for NYSE listed common stock holders is
December 30, 2016, and the payable date for ASX listed CDIs is on
January 16, 2017. CDI holders will be paid in Australian dollars,
and the conversion is expected to occur on December 30, 2016.
Commenting on the increase, Iron Mountain president and chief
executive officer, William L. Meaney said, “Our significant
progress in achieving synergies from the recent Recall acquisition
combined with solid execution of our Transformation initiative to
drive overhead costs lower, provide us with the fuel to increase
our quarterly dividend in the fourth quarter, versus earlier
expectations of an increase in the first quarter of 2017.”
About Iron MountainIron Mountain Incorporated (NYSE: IRM)
is the global leader for storage and information management
services. Trusted by more than 220,000 organizations around the
world, Iron Mountain boasts a real estate network of more than 80
million square feet across more than 1,350 facilities in 45
countries dedicated to protecting and preserving what matters most
for its customers. Iron Mountain’s solutions portfolio includes
records management, data management, document management, data
centers, art storage and logistics, and secure shredding help
organizations to lower storage costs, comply with regulations,
recover from disaster, and better use their information. Founded in
1951, Iron Mountain stores and protects billions of information
assets, including critical business documents, electronic
information, medical data and cultural and historical artifacts.
Visit www.ironmountain.com for more information.
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version on businesswire.com: http://www.businesswire.com/news/home/20161031005992/en/
Iron Mountain IncorporatedInvestor Relations
Contacts:Melissa Marsden, 617-535-8595Senior Vice President,
Investor Relationsmelissa.marsden@ironmountain.comorFaten Freiha,
617-535-8404Director, Investor
Relationsfaten.freiha@ironmountain.com
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