IRM vs PLD: Dividend Yield, Growth & Safety Comparison
Iron Mountain Inc (IRM) and Prologis, Inc. (PLD) are both in the Real Estate sector, making them natural rivals for dividend investors. Both stocks offer similar yields — IRM at 3.09% and PLD at 2.88%. For dividend growth, PLD leads with a 5-year CAGR of 12.5% versus IRM's 6.8%. Both stocks carry a "Safe" dividend safety rating. PLD is a Dividend Contender with 12 years of consecutive increases.
Key Metrics Comparison
| Metric | IRM | PLD |
|---|
| Dividend Yield | 3.09% | 2.88% |
| Annual Dividend | $3.07 | $4.04 |
| 5-Year CAGR | 6.8% | 12.5% |
| Payout Ratio | 6% | 1% |
| Consecutive Years | 3 | 12 |
| Price | $109.98 | $138.93 |
Yield Comparison
Iron Mountain Inc (IRM) currently yields 3.09%, which is solid for the broader market. That's 0.22% more than Prologis, Inc. (PLD), which yields 2.88%. In dollar terms, IRM pays $3.07/share annually versus PLD's $4.04/share.
Dividend Growth
Over the past five years, PLD has grown its dividend at a 12.5% CAGR compared to IRM's 6.8%. IRM: Dividend growth is accelerating — the 3-year CAGR of 12.6% exceeds the 5-year rate of 6.8% and the 10-year rate of 5.4%. PLD: Dividend growth is slowing — the 3-year CAGR of 7.8% trails the 5-year rate of 12.5% and the 10-year rate of 10.2%.
Dividend Safety
IRM's dividend safety is rated "Safe." The payout ratio of 6% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 0.2x. PLD's dividend safety is rated "Safe." The payout ratio of 1% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 0.9x. Both have similar payout ratios — IRM at 6% and PLD at 1%.
Income Comparison
A $10,000 investment in IRM generates approximately $309/year in dividend income, compared to $288/year from PLD — a difference of $21/year. At $100,000, that gap widens to $210/year.
Verdict
- Best for income: IRM
- Best for growth: PLD
- Best for safety: PLD
Frequently Asked Questions
Which has a higher dividend yield, IRM or PLD?
Iron Mountain Inc (IRM) has a higher dividend yield of 3.09% compared to Prologis, Inc. (PLD) at 2.88%.
Is IRM or PLD a better dividend growth stock?
Prologis, Inc. has the stronger dividend growth with a 5-year CAGR of 12.5%, compared to Iron Mountain Inc's 6.8%.
Which is safer for dividend income, IRM or PLD?
Iron Mountain Inc's dividend safety is rated "Safe" while Prologis, Inc. is rated "Safe." The payout ratio of 6% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 0.2x. The payout ratio of 1% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 0.9x.
How much income does $10,000 in IRM vs PLD generate?
A $10,000 investment in IRM generates approximately $309/year in dividends, while the same amount in PLD generates about $288/year.
Is IRM or PLD a Dividend Aristocrat?
Prologis, Inc. is a Dividend Contender with 12 consecutive years of increases. Iron Mountain Inc does not currently qualify for aristocrat status.
Which has a lower payout ratio, IRM or PLD?
Prologis, Inc. has a lower payout ratio of 1% compared to Iron Mountain Inc's 6%. A lower payout ratio generally indicates more room for dividend growth and better sustainability.
IRM vs PLD: which is better for retirement income?
It depends on your priorities. IRM for current income, PLD for dividend growth, PLD for safety. Many retirement investors hold both for diversification.
IRM Dividend Analysis | PLD Dividend Analysis | All Comparisons | Comparison Tool