AAPL vs IPB: Which Is the Better Dividend Stock?
As of Oct 19, 2026, AAPL (Apple Inc.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. IPB offers the higher yield at 6.03%, AAPL has the higher dividend-safety score, and IPB looks like the better value (its fair-value estimate is 21% below its share price).
Key facts: AAPL vs IPB
Data as of · Source: SmarterDividends data
- As of Oct 19, 2026, Merrill Lynch Depositor Inc. (IPB) has the higher forward dividend yield at 6.03%, versus 0.31% for Apple Inc. (AAPL).
- As of Oct 19, 2026, SmarterDividends grades AAPL's dividend safety A (95/100) and IPB's B (68/100).
- By SmarterDividends' count as of Oct 19, 2026, AAPL has raised its dividend for 14 consecutive years and IPB for 0.
- As of Oct 19, 2026, AAPL's fair-value estimate is 46% below its share price and IPB's fair-value estimate is 21% below its share price, so IPB looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AAPL vs IPB: Dividend Yield, Safety & Value Compared," updated Oct 19, 2026, https://smarterdividends.com/compare/aapl-vs-ipb
| Metric | AAPL | IPB |
|---|---|---|
| Forward yield | 0.31% | 6.03% |
| Annual dividend | $1.08 | $1.51 |
| Payout ratio | 12% | — |
| Years of growth | 14 yr | 0 yr |
| 5-yr dividend growth | 5.0% | 0.0% |
| 5-yr total return | 108% | -18% |
| Dividend safety score | 95 (A) | 68 (B) |
| Fair value estimate | $184.66 | $19.80 |
| Upside to fair value | -46% | -21% |
| Frequency | quarterly | semiannual |
| Market cap | $5.0T | — |
| P/E ratio | 39.4 | — |
Higher yield
IPB
6.03%
Safer dividend
AAPL
Grade A
Faster growth
AAPL
5.0%
Better value
IPB
-21% upside
AAPL vs IPB — FAQ
Is AAPL or IPB a better dividend stock?
On the data, AAPL wins more head-to-head categories (4 vs 3). IPB offers the higher yield (6.03%), while AAPL has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, AAPL or IPB?
IPB has the higher forward dividend yield at 6.03%, versus 0.31% for AAPL.
Is AAPL or IPB safer?
AAPL has the higher dividend-safety score (95/100 vs 68/100), reflecting stronger payout coverage and dividend-growth history.
Is AAPL or IPB better value right now?
As of Oct 19, 2026, IPB looks like the better value: its fair-value estimate is 21% below its share price (overvalued). For AAPL, its fair-value estimate is 46% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.