1 magnificent ASX dividend stock that’s down 42% and trading at a once-in-a-half-decade valuation

The S&P/ASX 200 Index (ASX: XJO) dividend stock IPH Ltd (ASX: IPH) could be an appealing option for income investors and value investors alike.

It’s not one of the most well-known names on the ASX, but the company describes itself as a leading intellectual property…