Canadian Imperial Bank of Commerce (NYSE:CM) Updates On Quarterly Dividend


As per Canadian Imperial Bank of Commerce (NYSE:CM) statement on 2016-08-25, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.928 per share as dividend to stakeholders. The record date is set as 2016-09-28, the payout date as 2016-10-28 and the ex-dividend date is 2016-09-26.

Last fiscal Canadian Imperial Bank of Commerce (NYSE:CM) disbursed cash dividend of $0.928. A year ago, the payout was $0.928, which indicates a difference of -9.0843%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.928, implying 0.01% growth.

For the period ended on 2015-10-31, Canadian Imperial Bank of Commerce (NYSE:CM)’s earnings came at $2.06 per share compared to EPS of $1.79 a year ago. This quarter the firm can post earnings for quarter ending 2016-10-31 on or around 2016-12-01. For this quarter, the analysts have earnings estimate of $1.89 per share.

The interim price target for Canadian Imperial Bank of Commerce (NYSE:CM) is set at $85.922. This level is the mean price reached by averaging the stock views of 5 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for Canadian Imperial Bank of Commerce (NYSE:CM) is seen at $112 and the lowest level is established at $73.44. This broad range highlights a standard deviation of $15.65 in reported estimates.

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