Canadian Imperial Bank of Commerce (TSE:CM) Stock to Pay Quarterly Dividend of $1.07

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) announced a quarterly dividend on Monday, September 28th. Shareholders 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 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, September 28th.

Canadian Imperial Bank of Commerce Trading Up 2.1%

Shares of CM opened at C$160.72 on Friday. The firm has a market cap of C$145.92 billion, a PE ratio of 15.42, a P/E/G ratio of 3.03 and a beta of 1.26. The firm has a fifty day simple moving average of C$163.09 and a two-hundred day simple moving average of C$154.65. Canadian Imperial Bank of Commerce has a 1-year low of C$109.74 and a 1-year high of C$172.87.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last released 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 firm had revenue of C$8.37 billion for the quarter. As a group, research analysts forecast 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.