Canadian Imperial Bank of Commerce (TSE:CM) Plans Quarterly Dividend of $1.07

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) announced a quarterly dividend on Monday, December 29th, TickerTech Dividends reports. Stockholders of record on Wednesday, January 28th will be paid a dividend of 1.07 per share on Wednesday, January 28th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, December 29th. This is a 10.3% increase from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.97.

Canadian Imperial Bank of Commerce Price Performance

CM stock opened at C$126.61 on Friday. The stock has a market capitalization of C$117.69 billion, a P/E ratio of 14.77, a P/E/G ratio of 3.03 and a beta of 1.45. Canadian Imperial Bank of Commerce has a fifty-two week low of C$76.17 and a fifty-two week high of C$128.87. The business has a 50-day moving average of C$121.16 and a 200-day moving average of C$109.61.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last released its earnings results on Thursday, December 4th. The company reported C$2.21 EPS for the quarter. Canadian Imperial Bank of Commerce had a return on equity of 12.61% and a net margin of 27.87%.The firm had revenue of C$7.58 billion for the quarter. Equities analysts expect that Canadian Imperial Bank of Commerce will post 6.4127341 EPS for the current year.

Wall Street Analyst Weigh In

CM has been the subject of a number of analyst reports. BMO Capital Markets raised their target price on shares of Canadian Imperial Bank of Commerce from C$130.00 to C$135.00 in a research report on Wednesday, December 17th. Royal Bank Of Canada raised their price objective on Canadian Imperial Bank of Commerce from C$114.00 to C$131.00 in a report on Friday, December 5th. TD Securities upped their target price on Canadian Imperial Bank of Commerce from C$124.00 to C$134.00 and gave the stock a “buy” rating in a report on Friday, December 5th. Canaccord Genuity Group raised their price target on Canadian Imperial Bank of Commerce from C$102.00 to C$111.00 and gave the company a “hold” rating in a research note on Friday, August 29th. Finally, Barclays upped their price objective on Canadian Imperial Bank of Commerce from C$119.00 to C$126.00 in a research note on Monday, December 8th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$125.36.

Canadian Imperial Bank of Commerce Company Profile

CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world.