Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) announced a quarterly dividend on Thursday, August 23rd, RTT News reports. Investors of record on Friday, September 28th will be given a dividend of 1.36 per share on Monday, October 29th. This represents a $5.44 annualized dividend and a yield of 4.41%. The ex-dividend date is Thursday, September 27th. This is a positive change from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $1.33.
TSE:CM opened at C$123.23 on Wednesday. Canadian Imperial Bank of Commerce has a fifty-two week low of C$108.38 and a fifty-two week high of C$125.21.
Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last released its earnings results on Thursday, August 23rd. The company reported C$3.08 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.88 by C$0.20. The firm had revenue of C$4.55 billion during the quarter, compared to the consensus estimate of C$4.39 billion. Canadian Imperial Bank of Commerce had a return on equity of 18.90% and a net margin of 31.76%.
In other Canadian Imperial Bank of Commerce news, insider John Hountalas sold 9,033 shares of the company’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of C$124.55, for a total value of C$1,125,060.15. Also, Director Katharine Berghuis Stevenson bought 1,200 shares of the stock in a transaction on Thursday, August 30th. The stock was purchased at an average cost of C$122.80 per share, with a total value of C$147,360.00.
Canadian Imperial Bank of Commerce Company Profile
Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to individual, small business, commercial, corporate, and institutional clients in Canada, the United States, and internationally. The company operates through four strategic business units: Canadian Personal and Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S.
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