Canadian Imperial Bank of Commerce

TSX:CM Stock Report

Market Cap: CA$61.6b

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 5.51% that is well covered by earnings. Next payment date is on 29th July, 2024 with an ex-dividend date of 28th June, 2024.

Key information

5.5%

Dividend yield

54%

Payout ratio

Industry average yield5.0%
Next dividend pay date29 Jul 24
Ex dividend date28 Jun 24
Dividend per sharen/a
Earnings per shareCA$6.46
Dividend yield forecast in 3Y5.8%

Recent dividend updates

Recent updates

Canadian Imperial Bank of Commerce (TSE:CM) Is Increasing Its Dividend To CA$0.87

May 28
Canadian Imperial Bank of Commerce (TSE:CM) Is Increasing Its Dividend To CA$0.87

Canadian Imperial Bank of Commerce (TSE:CM) Ticks All The Boxes When It Comes To Earnings Growth

Sep 04
Canadian Imperial Bank of Commerce (TSE:CM) Ticks All The Boxes When It Comes To Earnings Growth

Here's Why I Think Canadian Imperial Bank of Commerce (TSE:CM) Might Deserve Your Attention Today

May 20
Here's Why I Think Canadian Imperial Bank of Commerce (TSE:CM) Might Deserve Your Attention Today

Earnings Beat: Canadian Imperial Bank of Commerce Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Mar 01
Earnings Beat: Canadian Imperial Bank of Commerce Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Here's Why I Think Canadian Imperial Bank of Commerce (TSE:CM) Might Deserve Your Attention Today

Dec 31
Here's Why I Think Canadian Imperial Bank of Commerce (TSE:CM) Might Deserve Your Attention Today

Canadian Imperial Bank of Commerce (TSE:CM) Is Paying Out A Larger Dividend Than Last Year

Dec 05
Canadian Imperial Bank of Commerce (TSE:CM) Is Paying Out A Larger Dividend Than Last Year

Canadian Imperial Bank of Commerce (TSE:CM) Is Due To Pay A Dividend Of CA$1.46

Sep 12
Canadian Imperial Bank of Commerce (TSE:CM) Is Due To Pay A Dividend Of CA$1.46

Upcoming Dividend Payment

TodayJun 17 2024Ex Dividend DateJun 28 2024Dividend Pay DateJul 29 202431 days from Ex DividendBuy in the next 11 days to receive the upcoming dividend

Stability 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
How does CM dividend yield compare to the market?
SegmentDividend Yield
Company (CM)5.5%
Market Bottom 25% (CA)1.9%
Market Top 25% (CA)6.4%
Industry Average (Banks)5.0%
Analyst forecast in 3 Years (CM)5.8%

Notable Dividend: CM's dividend (5.51%) is higher than the bottom 25% of dividend payers in the Canadian market (1.87%).

High Dividend: CM's dividend (5.51%) is low compared to the top 25% of dividend payers in the Canadian market (6.39%).


Current Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (53.9%), 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 (49.9% payout ratio).


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