Canadian Imperial Bank of Commerce (CM) To Go Ex-Dividend on December 29th

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) announced a quarterly dividend on Monday, December 29th, TickerTech Dividends reports. Investors 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 of this dividend 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 Stock Performance

CM stock opened at C$126.61 on Friday. Canadian Imperial Bank of Commerce has a one year low of C$76.17 and a one year high of C$128.87. The firm’s fifty day moving average is C$121.16 and its 200 day moving average is C$109.61. The firm has a market cap of C$117.69 billion, a PE ratio of 14.77, a P/E/G ratio of 3.03 and a beta of 1.45.

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

Analyst Ratings Changes

CM has been the topic of a number of recent analyst reports. Raymond James Financial increased their price target on Canadian Imperial Bank of Commerce from C$127.00 to C$132.00 and gave the stock a “market perform” rating in a research report on Friday, December 5th. BMO Capital Markets upped their target price on Canadian Imperial Bank of Commerce from C$130.00 to C$135.00 in a research note on Wednesday, December 17th. Royal Bank Of Canada increased their target price on Canadian Imperial Bank of Commerce from C$114.00 to C$131.00 in a research report on Friday, December 5th. National Bankshares boosted their price target on shares of Canadian Imperial Bank of Commerce from C$121.00 to C$128.00 and gave the stock a “sector perform” rating in a report on Friday, December 5th. Finally, Barclays upped their price objective on shares of Canadian Imperial Bank of Commerce from C$119.00 to C$126.00 in a research report on Monday, December 8th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Canadian Imperial Bank of Commerce has a consensus rating of “Hold” and a consensus target price of C$125.36.

Canadian Imperial Bank of Commerce Company Profile

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.