Canadian Imperial Bank of Commerce Dividend
Dividend criteria checks 5/6
Canadian Imperial Bank of Commerce is a dividend paying company with a current yield of 4.12% that is well covered by earnings. Next payment date is on 28th October, 2024 with an ex-dividend date of 27th September, 2024.
Key information
4.1%
Dividend yield
52%
Payout ratio
Industry average yield | 4.3% |
Next dividend pay date | 28 Oct 24 |
Ex dividend date | 27 Sep 24 |
Dividend per share | CA$3.600 |
Earnings per share | CA$6.84 |
Dividend yield forecast | 4.4% |
Recent dividend updates
Recent updates
Canadian Imperial Bank of Commerce (TSE:CM) Is Increasing Its Dividend To CA$0.87
May 28Canadian Imperial Bank of Commerce (TSE:CM) Ticks All The Boxes When It Comes To Earnings Growth
Sep 04Here's Why I Think Canadian Imperial Bank of Commerce (TSE:CM) Might Deserve Your Attention Today
May 20Earnings Beat: Canadian Imperial Bank of Commerce Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Mar 01Stability and Growth of Payments
Fetching dividends data
Stable Dividend: CM's dividends per share have been stable in the past 10 years.
Growing Dividend: CM's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Canadian Imperial Bank of Commerce Dividend Yield vs Market |
---|
Segment | Dividend Yield |
---|---|
Company (CM) | 4.1% |
Market Bottom 25% (CA) | 1.7% |
Market Top 25% (CA) | 6.1% |
Industry Average (Banks) | 4.3% |
Analyst forecast (CM) (up to 3 years) | 4.4% |
Notable Dividend: CM's dividend (4.12%) is higher than the bottom 25% of dividend payers in the Canadian market (1.74%).
High Dividend: CM's dividend (4.12%) is low compared to the top 25% of dividend payers in the Canadian market (6.11%).
Current Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (51.7%), CM's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CM's dividends in 3 years are forecast to be well covered by earnings (48.2% payout ratio).