Investors looking to build a steady portfolio in 2025 can consider two strong dividend stocks: Iron Mountain (NYSE: IRM) and Altria (NYSE: MO).
Iron Mountain, a data storage and information management company, boasts an annual dividend yield of 2.38% with a consistent track record of payments. The company’s stable business model suggests potential for further growth, as seen in its 9.3% increase in organic storage rental revenue in Q3 2024.
Altria, the tobacco industry player, has a reputation for solid dividend payouts with an annual yield of about 7%. The company is expected to see additional upside due to its strong market position and ‘Optimize & Accelerate’ initiative to modernize operations and improve efficiency.
Both stocks have demonstrated significant growth in recent times. Iron Mountain’s stock price has gained 75% year-to-date, while Altria’s has gained 37%. However, general market sentiment and economic conditions may impact their performance.
As of press time, the current prices were $120 for IRM and $57 for MO. With strong fundamentals and potential for growth, these dividend stocks are worth considering for 2025 portfolios.
Source: https://finbold.com/2-cheap-dividend-stocks-to-kickstart-your-2025-portfolio