Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) Director Nicholas D’orr Le Pan sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of C$103.47, for a total transaction of C$51,735.00. Following the transaction, the director now directly owns 3,019 shares of the company’s stock, valued at approximately C$312,375.93.
TSE CM traded up C$0.29 during trading hours on Friday, reaching C$103.22. 305,440 shares of the company traded hands, compared to its average volume of 1,598,219. Canadian Imperial Bank of Commerce has a 12 month low of C$99.51 and a 12 month high of C$125.21. The company has a market capitalization of $45.78 billion and a price-to-earnings ratio of 9.08.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be paid a dividend of $1.40 per share. The ex-dividend date is Thursday, June 27th. This represents a $5.60 dividend on an annualized basis and a yield of 5.43%. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is 47.98%.
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About Canadian Imperial Bank of Commerce
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 Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S.
See Also: Price to Earnings Ratio (PE)
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