Canadian Imperial Bank of Commerce (CM) to Issue Quarterly Dividend of $1.07 on July 28th

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) declared 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 Price Performance

TSE CM opened at C$161.25 on Friday. The firm’s fifty day moving average price is C$154.12 and its 200 day moving average price is C$139.18. The company has a market capitalization of C$147.19 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 3.03 and a beta of 1.42. Canadian Imperial Bank of Commerce has a 12 month low of C$95.01 and a 12 month high of C$163.59.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last announced its quarterly earnings results on Thursday, May 28th. The company reported C$2.54 EPS for the quarter. Canadian Imperial Bank of Commerce had a net margin of 18.44% and a return on equity of 15.24%. The firm had revenue of C$8.01 billion for the quarter. As a group, sell-side analysts forecast that Canadian Imperial Bank of Commerce will post 6.4127341 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CM shares. TD reduced their target price on Canadian Imperial Bank of Commerce from C$166.00 to C$163.00 and set a “buy” rating for the company in a report on Friday, May 29th. Barclays lifted their price target on Canadian Imperial Bank of Commerce from C$137.00 to C$141.00 in a research report on Monday, March 2nd. Raymond James Financial reduced their price objective on 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 note on Friday, May 29th. Royal Bank Of Canada decreased their price objective on Canadian Imperial Bank of Commerce from C$158.00 to C$147.00 and set an “outperform” rating for the company in a report on Wednesday, March 25th. Finally, National Bank Financial raised their target price on shares of Canadian Imperial Bank of Commerce from C$150.00 to C$152.00 and gave the stock a “sector perform” rating in a research report on Friday, May 15th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$152.86.

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.