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

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) declared a quarterly dividend on Monday, June 29th, TickerTech Dividends reports. Investors of record on Tuesday, July 28th will be given a dividend of 1.07 per share on Tuesday, July 28th. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, June 29th.

Canadian Imperial Bank of Commerce Price Performance

TSE:CM opened at C$161.25 on Friday. The firm has a market capitalization of C$147.19 billion, a P/E ratio of 16.00, a P/E/G ratio of 3.03 and a beta of 1.42. The business has a 50 day simple moving average of C$154.12 and a 200 day simple moving average of C$139.18. Canadian Imperial Bank of Commerce has a 12-month low of C$95.01 and a 12-month high of C$163.59.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last issued its earnings results on Thursday, May 28th. The company reported C$2.54 earnings per share for the quarter. The firm had revenue of C$8.01 billion for the quarter. Canadian Imperial Bank of Commerce had a return on equity of 15.24% and a net margin of 18.44%. Research analysts anticipate that Canadian Imperial Bank of Commerce will post 6.4127341 EPS for the current fiscal year.

Insider Activity at Canadian Imperial Bank of Commerce

In related news, insider Christopher John Anderson sold 8,490 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of C$155.50, for a total transaction of C$1,320,195.00. Following the sale, the insider owned 6,252 shares of the company’s stock, valued at C$972,186. The trade was a 57.59% decrease in their ownership of the stock. Also, insider Stephen Alan Scholtz sold 6,000 shares of the stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of C$162.70, for a total value of C$976,200.00. Insiders have sold 17,776 shares of company stock worth $2,817,744 over the last quarter. 0.02% of the stock is currently owned by company insiders.

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.