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Strategies & Market Trends : Dividend investing for retirement
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To: Ditchdigger who wrote (31160)8/2/2024 7:41:52 AM
From: Ditchdigger3 Recommendations

Recommended By
B.K.Myers
Graustus
Thehammer

  Read Replies (3) of 34328
 
IRM came out with an earnings beat and increased the dividend 10%, in line with AFFO growth.
( I don't know what a fair price is for the stock. I like the prudent management, future prospects and will continue to hold for the long term.)

A few snippits from the conference call.
Dividends
"our Board of Directors has authorized an increase of our quarterly dividend by 10% to $0.715, in line with our AFFO per share growth"

" Turning to our dividends, on a trailing four quarter basis, our payout ratio is now 60%"

Data centers from the Q&A
"And I mean, a couple of statistics we're 96% leased in our operating portfolio."

"And in our under development construction portfolio, which is about 10% bigger than what we're operating, maybe even 15% bigger than we're operating. We're 96% leased on that as well on a pre-lease basis."

"But as Barry said is, overnight -- well over 90% like overground, 96% is all pre-leased and it's a fully funded plan as we highlighted in the Investor Day. So we don't see any -- we feel really good in terms of the way that we're able to fund the growth. And so we're happy in terms of the trajectory that we have without, going out, raising equity."
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