Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through four strategic business units: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; and Capital Markets. The company offers chequing, savings, and business accounts; mortgages; loans, lines of credit, student lines of credit, and business and agriculture loans; investment and insurance services; and credit cards, as well as overdraft protection services. It also provides day-to-day banking, borrowing and credit, specialty, investing and wealth, and international services; correspondent banking and online foreign exchange services; and cash management services. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.
Canadian Imperial Bank of Commerce Dividend Announcement
• Canadian Imperial Bank of Commerce announced a quarterly dividend of $0.72 per ordinary share which will be made payable on 2025-01-28. Ex dividend date: 2024-12-27
• Canadian Imperial Bank of Commerce annual dividend for 2024 was $2.71
• Canadian Imperial Bank of Commerce annual dividend for 2023 was $2.61
• Canadian Imperial Bank of Commerce's trailing twelve-month (TTM) dividend yield is 2.85%
• Canadian Imperial Bank of Commerce's payout ratio for the trailing twelve months (TTM) is 41.42%
• Canadian Imperial Bank of Commerce's dividend growth over the last five years (2018-2023) was -8.58% year
• Canadian Imperial Bank of Commerce's dividend growth over the last ten years (2013-2023) was -3.61% year
Canadian Imperial Bank of Commerce Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-27 | $0.72 | quarterly | 2025-01-28 |
2024-09-27 | $0.67 | quarterly | 2024-10-28 |
2024-06-28 | $0.66 | quarterly | 2024-07-29 |
2024-03-27 | $0.66 | quarterly | 2024-04-29 |
2023-12-27 | $0.68 | quarterly | 2024-01-29 |
2023-09-27 | $0.64 | quarterly | 2023-10-27 |
2023-06-27 | $0.66 | quarterly | 2023-07-28 |
2023-03-27 | $0.62 | quarterly | 2023-04-28 |
2022-12-27 | $0.85 | quarterly | 2023-01-27 |
2022-12-23 | $0.62 | quarterly | 2023-01-27 |
2022-09-27 | $0.63 | quarterly | 2022-10-28 |
2022-06-27 | $0.66 | quarterly | 2022-07-28 |
2022-03-25 | $1.27 | quarterly | 2022-04-28 |
2021-12-28 | $3.22 | quarterly | 2022-01-28 |
2021-12-23 | $3.22 | quarterly | 2022-01-28 |
2021-09-27 | $1.16 | quarterly | 2021-10-28 |
2021-06-25 | $1.21 | quarterly | 2021-07-28 |
2021-03-26 | $1.16 | quarterly | 2021-04-28 |
2020-12-24 | $1.14 | quarterly | 2021-01-28 |
2020-09-25 | $1.12 | quarterly | 2020-10-28 |
2020-06-26 | $1.07 | quarterly | 2020-07-28 |
2020-03-26 | $1.03 | quarterly | 2020-04-28 |
2019-12-24 | $1.09 | quarterly | 2020-01-28 |
2019-09-26 | $1.08 | quarterly | 2019-10-28 |
2019-06-27 | $1.07 | quarterly | 2019-07-29 |
2019-03-27 | $2.80 | quarterly | 2019-04-29 |
2018-12-27 | $1.00 | quarterly | 2019-01-28 |
2018-09-27 | $1.04 | quarterly | 2018-10-29 |
2018-06-27 | $1.00 | quarterly | 2018-07-27 |
2018-03-27 | $1.04 | quarterly | 2018-04-27 |
2017-12-27 | $1.02 | quarterly | 2018-01-29 |
2017-09-27 | $1.30 | quarterly | 2017-10-27 |
2017-06-26 | $0.96 | quarterly | 2017-07-28 |
2017-03-24 | $0.95 | quarterly | 2017-04-28 |
2016-12-22 | $0.92 | quarterly | 2017-01-27 |
2016-09-26 | $0.92 | quarterly | 2016-10-28 |
2016-06-24 | $0.95 | quarterly | 2016-07-28 |
2016-03-23 | $0.90 | quarterly | 2016-04-28 |
2015-12-23 | $0.83 | quarterly | 2016-01-28 |
2015-09-24 | $0.84 | quarterly | 2015-10-28 |
2015-06-25 | $1.09 | quarterly | 2015-07-28 |
2015-03-25 | $0.85 | quarterly | 2015-04-28 |
2014-12-23 | $0.89 | quarterly | 2015-01-28 |
2014-09-25 | $1.00 | quarterly | 2014-10-28 |
2014-06-25 | $1.00 | quarterly | 2014-07-28 |
2014-03-26 | $0.98 | quarterly | 2014-04-28 |
2013-12-23 | $0.90 | quarterly | 2014-01-28 |
2013-09-25 | $0.96 | quarterly | 2013-10-28 |
2013-06-26 | $0.96 | quarterly | 2013-07-29 |
2013-03-26 | $0.94 | quarterly | 2013-04-29 |
Canadian Imperial Bank of Commerce Dividend per year
Canadian Imperial Bank of Commerce Dividend growth
Canadian Imperial Bank of Commerce Dividend Yield
Canadian Imperial Bank of Commerce current trailing twelve-month (TTM) dividend yield is 2.85%. Interested in purchasing Canadian Imperial Bank of Commerce stock? Use our calculator to estimate your expected dividend yield:
Canadian Imperial Bank of Commerce Financial Ratios
Canadian Imperial Bank of Commerce Dividend FAQ
Other factors to consider when evaluating Canadian Imperial Bank of Commerce as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Canadian Imperial Bank of Commerce's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Canadian Imperial Bank of Commerce publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Canadian Imperial Bank of Commerce distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Canadian Imperial Bank of Commerce are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Canadian Imperial Bank of Commerce sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Canadian Imperial Bank of Commerce distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Canadian Imperial Bank of Commerce declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Canadian Imperial Bank of Commerce's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Canadian Imperial Bank of Commerce's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.