SmarterDividends
IPB

Merrill Lynch Depositor Inc.

IPB

Stock · semiannual payer

$25.09

Overvalued · -21% Add to Portfolio

Forward Yield

6.03%

Annual Dividend

$1.51

Payout Ratio

—

5-Yr Growth

0.0%

Ex-Date

Dec 18, 2026

Frequency

Semiannual

Key facts about IPB's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 19, 2026, Merrill Lynch Depositor Inc. (IPB) has a forward dividend yield of 6.03%, based on an annual dividend of $1.51 per share and a share price of $25.09.
  • As of Oct 19, 2026, IPB's dividend safety grade from SmarterDividends is B (68 out of 100), which rates the dividend as safe.
  • IPB last cut its regular dividend in 2012.
  • IPB's next ex-dividend date is Dec 18, 2026, with payment on Dec 21, 2026. Shares must be owned before that date to receive the dividend.
  • IPB's dividend has been roughly flat over the past five years.
  • As of Oct 19, 2026, IPB's 6.03% yield is 16% above its five-year average yield of 5.19%.
  • As of Oct 19, 2026, SmarterDividends' blended fair-value estimate for IPB is $19.80 per share, 21% below the $25.09 share price, so IPB screens as overvalued.
  • Merrill Lynch Depositor Inc. (IPB) pays its dividend semiannual, 2 times a year.
  • Merrill Lynch Depositor Inc. (IPB) has raised its regular dividend 3 times and cut it 1 time across the 44 payments on record since 2004. Its most recent change was a 0.1% increase to $0.757 per share, going ex-dividend on Jun 18, 2026. The last cut went ex-dividend on Jun 15, 2012.
Cite this page

SmarterDividends, "IPB Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 19, 2026, https://smarterdividends.com/stocks/IPB

Summary

As of Oct 19, 2026, Merrill Lynch Depositor Inc. (IPB) yields 6.03% ($1.51 a year per share) and has a dividend safety grade of B (68/100).

Is IPB a good dividend stock?

Yes, with caveats

Merrill Lynch Depositor Inc. (IPB) pays a semiannual dividend yielding 6.03% ($1.51/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

    Risks

    • Cut its dividend in 2012
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    6.03%
    Payout Ratio
    —
    Annual Dividend
    $1.51
    5-Yr Avg Growth
    0.0%
    Ex-Dividend Date
    Dec 18, 2026
    Years of Growth
    0
    Frequency
    semiannual
    Beta
    —
    Market Cap
    —
    P/E Ratio
    —
    5-Yr Total Return
    -18%
    52-Week Range
    $24.64 – $27.27
    Dividend Safety
    B · 68/100
    Ever Cut?
    Yes (2012)

    IPB dividend raises and cuts

    Merrill Lynch Depositor Inc. (IPB) has raised its regular dividend 3 times and cut it 1 time across the 44 payments on record since 2004. Its most recent change was a 0.1% increase to $0.757 per share, going ex-dividend on Jun 18, 2026. The last cut went ex-dividend on Jun 15, 2012.

    Ex-dateChangeOld → newMove
    Jun 18, 2026Raise$0.756 → $0.757+0.1%
    Jun 17, 2013Raise$0.303 → $0.756+149.5%
    Jun 15, 2012Cut$0.756 → $0.303−59.9%
    Dec 15, 2006Raise$0.756 → $0.757+0.1%
    Every IPB payment →Download every raise and cut (CSV)
    IPB ex-dividend date & scheduleNext ex-date Dec 18, 2026 · full ex-dividend historyView →IPB dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is IPB a good dividend stock?

    Yes, with caveats. Merrill Lynch Depositor Inc. (IPB) pays a semiannual dividend yielding 6.03% ($1.51/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

    Is IPB undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, IPB's fair value is about $19.80 versus a $25.09 share price — so it looks overvalued (-21% vs. fair value).

    Is IPB's dividend safe?

    IPB has a dividend-safety grade of B (68/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2012, debt and yield-versus-history.

    What is IPB's fair value?

    Our blended fair-value estimate for IPB is about $19.80 per share, about 21% below the current $25.09 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is IPB a buy, hold, or sell?

    We don't issue formal ratings, but on the data IPB screens as "yes, with caveats" and overvalued. Merrill Lynch Depositor Inc. (IPB) pays a semiannual dividend yielding 6.03% ($1.51/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

    Will IPB cut its dividend?

    IPB earns a dividend-safety grade of B (68/100), and has cut its dividend before (last in 2012). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does IPB pay a dividend?

    Yes. Merrill Lynch Depositor Inc. pays a semiannual dividend of about $1.51 per share annually, a forward yield of roughly 6.03%.

    What is IPB's dividend yield?

    As of Oct 19, 2026, IPB's forward dividend yield is 6.03%, based on a $1.51 annual dividend and a $25.09 share price.

    What is IPB's dividend per share?

    As of Oct 19, 2026, IPB pays $1.51 per share per year, distributed on a semiannual basis.

    How many years has IPB grown its dividend?

    IPB does not currently have a long dividend-growth streak on record.

    When is the next IPB ex-dividend date?

    As of Oct 19, 2026, the next ex-dividend date on record for IPB is Dec 18, 2026.

    Income Calculator

    At $1.51 / yr per share

    Per payment (semiannual)$75.65
    Annual$151.30
    Monthly avg$12.61

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