Canadian Imperial Bank of Commerce (CM) to Issue Quarterly Dividend of $1.07 on October 28th

Canadian Imperial Bank of Commerce (TSE:CM – Get Free Report) (NYSE:CM) announced a quarterly dividend on Monday, September 28th. Stockholders of record on Wednesday, October 28th will be given 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 Stock Performance

Shares of TSE CM opened at C$160.72 on Friday. 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 fifty-two week low of C$109.74 and a fifty-two week high of C$172.87. The firm’s 50-day simple moving average is C$163.09 and its 200 day simple moving average is C$154.65.

Canadian Imperial Bank of Commerce (TSE:CM – Get Free Report) (NYSE:CM) last announced 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 return on equity of 15.44% and a net margin of 16.13%.The business had revenue of C$8.37 billion during the quarter. On average, sell-side analysts predict that Canadian Imperial Bank of Commerce will post 6.4127341 EPS for the current year.

Insider Transactions at Canadian Imperial Bank of Commerce

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

About Canadian Imperial Bank of Commerce

(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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