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

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

Canadian Imperial Bank of Commerce Trading Down 0.6%

CM stock opened at C$161.25 on Friday. The company has a market cap of C$147.19 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 3.03 and a beta of 1.42. Canadian Imperial Bank of Commerce has a 12 month low of C$95.01 and a 12 month high of C$163.59. The firm has a 50-day moving average of C$154.12 and a two-hundred day moving average of C$139.18.

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