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

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) declared a quarterly dividend on Monday, September 28th. Stockholders of record on Wednesday, October 28th will be paid 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 of this dividend is Monday, September 28th.

Canadian Imperial Bank of Commerce Stock Up 2.1%

TSE CM opened at C$160.72 on Friday. Canadian Imperial Bank of Commerce has a twelve month low of C$109.74 and a twelve month high of C$172.87. The business has a 50-day moving average price of C$163.09 and a 200-day moving average price of C$154.65. The firm has a market cap of C$145.92 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 3.03 and a beta of 1.26.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last issued its 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 company had revenue of C$8.37 billion for the quarter. Research analysts expect that Canadian Imperial Bank of Commerce will post 6.4127341 EPS 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.