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Canadian Imperial Bank of Commerce (CM) Dividend Yield, Date & History

Canadian Imperial Bank of Commerce logo
$64.37 +0.59 (+0.93%)
(As of 12/20/2024 05:31 PM ET)

Canadian Imperial Bank of Commerce Dividend Summary

Dividend Yield
4.44%
Annual Dividend
$2.86
Next
Dividend Payment
Jan. 28
Dividend Increase
Track Record
14 Years
Annualized 3-Year
Dividend Growth
6.12%
Dividend Payout Ratio
53.46%

Canadian Imperial Bank of Commerce (CM) pays an annual dividend of $2.86 per share, with a dividend yield of 4.44%. The next quarterly payment of $0.6912 per share is scheduled for Tuesday, January 28, to investors who own the stock before the ex-dividend date of Friday, December 27. CM has grown its dividend for 14 consecutive years, with an average annual increase of 2.00%. The company currently pays out 53.46% of its earnings and 45.76% of its cash flow as dividends.

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CM Dividend Payments by Quarter

The chart below displays up to four years of Canadian Imperial Bank of Commerce's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

CM Dividend Yield Over Time

The chart below tracks Canadian Imperial Bank of Commerce's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Canadian Imperial Bank of Commerce vs. The Competition

Compare Canadian Imperial Bank of Commerce's annual dividend, yield, and 3-year growth rate with averages for Finance and NYSE companies to evaluate its performance against the market.

TypeCanadian Imperial Bank of CommerceFinance CompaniesNYSE Companies
Annual Dividend$2.86$0.02$1.39
Dividend Yield4.44%10.01%3.58%
Annualized 3-Year Dividend Growth6.12%12.89%15.78%
Track Record14 years17 years24 years

Canadian Imperial Bank of Commerce Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings53.46%
Based on This Year's Estimate52.09%
Based on Next Year's Estimate47.83%
Based on Cashflow45.76%

Canadian Imperial Bank of Commerce Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
12/6/2024quarterly$0.6912+$0.0392
6.00%
3.8%12/27/202412/27/20241/28/2025
8/29/2024Quarterly$0.6520-$0.0010
0.15%
4.53%9/27/20249/27/202410/28/2024
5/30/2024Quarterly$0.6530-$0.0104
1.57%
5.16%6/28/20246/28/20247/29/2024
3/1/2024quarterly$0.6634+$0.0011
0.17%
5.2%3/27/20243/28/20244/29/2024
12/1/2023quarterly$0.6623+$0.0053
0.81%
6%12/27/202312/28/20231/29/2024
8/31/2023Quarterly$0.6570+$0.0150
2.34%
6.64%9/27/20239/28/202310/27/2023
5/25/2023Quarterly$0.6420+$0.0030
0.47%
6.16%6/27/20236/28/20237/28/2023
2/24/2023Quarterly$0.6390+$0.0120
1.91%
5.53%3/27/20233/28/20234/28/2023

This table shows Canadian Imperial Bank of Commerce's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Canadian Imperial Bank of Commerce Dividend - Frequently Asked Questions

The current dividend yield for Canadian Imperial Bank of Commerce is 4.44%. Learn more on CM's dividend yield history.

The annual dividend for CM shares is $2.86. Learn more on CM's annual dividend history.

Canadian Imperial Bank of Commerce pays quarterly dividends to shareholders.

Canadian Imperial Bank of Commerce's next quarterly dividend payment of $0.6912 per share will be made to shareholders on Tuesday, January 28, 2025.

Canadian Imperial Bank of Commerce's most recent quarterly dividend payment of $0.6520 per share was made to shareholders on Monday, October 28, 2024.

Canadian Imperial Bank of Commerce's next ex-dividend date is Friday, December 27, 2024.

Canadian Imperial Bank of Commerce's most recent ex-dividend date was Friday, September 27, 2024.

Over the past three years, the company's dividend has grown by an average of 6.12% per year.

Canadian Imperial Bank of Commerce has increased its dividend for the past 14 consecutive years.

The most recent change in the company's dividend was an increase of $0.0392 on Friday, December 6, 2024.

The dividend payout ratio for CM is:
  • 53.46% based on the trailing year of earnings
  • 52.09% based on this year's estimates
  • 47.83% based on next year's estimates
  • 45.76% based on cash flow

Canadian Imperial Bank of Commerce's dividend yield of 4.03% is lower than the average Finance company that issues a dividend. The company's 14 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. Canadian Imperial Bank of Commerce's dividend payout ratio of 53.46% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate Canadian Imperial Bank of Commerce stock as a Moderate Buy, forecasting growth opportunities and potential value appreciation.


This page (NYSE:CM) was last updated on 12/21/2024 by MarketBeat.com Staff
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