Canadian Imperial Bank of Commerce (TSE:CM) Announces Quarterly Dividend of $1.07

Canadian Imperial Bank of Commerce (TSE:CM – Get Free Report) (NYSE:CM) declared a quarterly dividend on Monday, September 28th. Shareholders of record on Wednesday, October 28th will be paid a dividend of $1.07 per share on Wednesday, October 28th. This represents a $4.28 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, September 28th.

Canadian Imperial Bank of Commerce Price Performance

Shares of CM opened at C$160.72 on Friday. The company has a 50-day moving average of C$163.09 and a two-hundred day moving average of C$154.65. The stock has a market cap of C$145.92 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 3.03 and a beta of 1.26. Canadian Imperial Bank of Commerce has a one year low of C$109.74 and a one year high of C$172.87.

Canadian Imperial Bank of Commerce (TSE:CM – Get Free Report) (NYSE:CM) last released its quarterly earnings results on Thursday, August 27th. The company reported C$2.73 earnings per share (EPS) for the quarter. Canadian Imperial Bank of Commerce had a net margin of 16.13% and a return on equity of 15.44%. The business had revenue of C$8.37 billion for the quarter. Analysts anticipate that Canadian Imperial Bank of Commerce will post 6.4127341 earnings per share for the current year.

Insider Buying and Selling at Canadian Imperial Bank of Commerce

In other news, insider Amy Florence South sold 4,218 shares of the firm’s stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of C$161.41, for a total transaction of C$680,827.38. 0.02% of the stock is owned by company insiders.

Canadian Imperial Bank of Commerce Company Profile

(Get Free Report)

CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world.

Further Reading

Dividend History for Canadian Imperial Bank of Commerce (TSE:CM)

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