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 4.57% 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
4.6%
Dividend yield
52%
Payout ratio
| Industry average yield | 4.5% |
| 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 | 4.9% |
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) 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 01Here's Why I Think Canadian Imperial Bank of Commerce (TSE:CM) Might Deserve Your Attention Today
Dec 31Canadian Imperial Bank of Commerce (TSE:CM) Is Paying Out A Larger Dividend Than Last Year
Dec 05Upcoming Dividend Payment
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 |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (CM) | 4.6% |
| Market Bottom 25% (CA) | 1.7% |
| Market Top 25% (CA) | 6.0% |
| Industry Average (Banks) | 4.5% |
| Analyst forecast (CM) (up to 3 years) | 4.9% |
Notable Dividend: CM's dividend (4.57%) is higher than the bottom 25% of dividend payers in the Canadian market (1.72%).
High Dividend: CM's dividend (4.57%) is low compared to the top 25% of dividend payers in the Canadian market (6.04%).
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 (48.5% payout ratio).