Canadian Imperial Bank of Commerce (TSE:CM) to Issue Dividend Increase – $1.07 Per Share

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) announced a quarterly dividend on Monday, December 29th, TickerTech Dividends reports. Shareholders of record on Wednesday, January 28th will be paid a dividend of 1.07 per share on Wednesday, January 28th. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, December 29th. This is a 10.3% increase from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.97.

Canadian Imperial Bank of Commerce Trading Up 0.0%

TSE CM opened at C$126.61 on Friday. The stock has a market capitalization of C$117.69 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 3.03 and a beta of 1.45. The business’s 50 day moving average is C$121.16 and its two-hundred day moving average is C$109.61. Canadian Imperial Bank of Commerce has a 12-month low of C$76.17 and a 12-month high of C$128.87.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last posted its quarterly earnings results on Thursday, December 4th. The company reported C$2.21 earnings per share for the quarter. Canadian Imperial Bank of Commerce had a return on equity of 12.61% and a net margin of 27.87%.The firm had revenue of C$7.58 billion for the quarter. Equities analysts forecast that Canadian Imperial Bank of Commerce will post 6.4127341 earnings per share for the current fiscal year.

About Canadian Imperial Bank of Commerce

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.