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

Canadian Imperial Bank of Commerce (TSE:CMGet Free Report) (NYSE:CM) announced a quarterly dividend on Monday, June 29th, TickerTech Dividends reports. Stockholders of record on Tuesday, July 28th will be paid a dividend of 1.07 per share on Tuesday, July 28th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, June 29th.

Canadian Imperial Bank of Commerce Stock Down 0.6%

Shares of Canadian Imperial Bank of Commerce stock opened at C$161.25 on Friday. The company has a market capitalization of C$147.19 billion, a P/E ratio of 16.00, a P/E/G ratio of 3.03 and a beta of 1.42. The company has a 50 day moving average of C$154.12 and a 200 day moving average of C$139.18. Canadian Imperial Bank of Commerce has a 52-week low of C$95.01 and a 52-week high of C$163.59.

Canadian Imperial Bank of Commerce (TSE:CMGet Free Report) (NYSE:CM) last released its quarterly earnings data on Thursday, May 28th. The company reported C$2.54 earnings per share (EPS) for the quarter. Canadian Imperial Bank of Commerce had a return on equity of 15.24% and a net margin of 18.44%.The business had revenue of C$8.01 billion during the quarter. As a group, research analysts anticipate that Canadian Imperial Bank of Commerce will post 6.4127341 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CM shares. Barclays raised their price objective on shares of Canadian Imperial Bank of Commerce from C$137.00 to C$141.00 in a report on Monday, March 2nd. Scotiabank upped their target price on shares of Canadian Imperial Bank of Commerce from C$155.00 to C$157.00 and gave the company a “sector perform” rating in a report on Tuesday, June 16th. Royal Bank Of Canada dropped their target price on shares of Canadian Imperial Bank of Commerce from C$158.00 to C$147.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 25th. Canaccord Genuity Group lifted their price target on shares of Canadian Imperial Bank of Commerce from C$158.00 to C$160.00 and gave the stock a “hold” rating in a research note on Friday, June 5th. Finally, Raymond James Financial reduced their price target on shares of Canadian Imperial Bank of Commerce from C$157.50 to C$155.50 and set a “market perform” rating for the company in a research report on Friday, May 29th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$152.86.

Read Our Latest Analysis on Canadian Imperial Bank of Commerce

About Canadian Imperial Bank of Commerce

(Get Free Report)

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.

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Dividend History for Canadian Imperial Bank of Commerce (TSE:CM)

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