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Data last updated: Oct 15, 2026
Snapshot (as of Oct 15, 2026): Canadian Imperial Bank of Commerce (CM) pays a $4.18 annual dividend ($1.04 quarterly), yielding 2.69% at $111.66/share. Next ex-dividend date 2026-09-28. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.69%
Annual Dividend: $4.18 per share
Payout Ratio: 40.1%
Ex-Dividend Date: 2026-09-28
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 30
Canadian Imperial Bank of Commerce dividend income comes from one of Canada's largest banks, serving individuals, corporations, and institutional clients across Canada, the U.S., and globally. The current yield is 2.77%, with a trailing annual dividend rate of $4.28 per share paid quarterly. The next ex-dividend date is September 28, 2026. With a beta of 1.239, CM stock carries slightly more price volatility than the broader market, making it a fit for dividend investors who can tolerate moderate swings in exchange for a meaningful income stream.
Canadian Imperial Bank of Commerce pays out 42.6% of earnings as dividends, a payout ratio classified as moderate (40–60%). That level leaves a meaningful buffer of retained earnings, supported by a diversified business spanning personal banking, commercial lending, wealth management, and capital markets across multiple geographies. Canadian Imperial Bank of Commerce dividend safety faces its most notable pressure from the bank's beta of 1.239, which reflects sensitivity to broader financial market conditions that can affect earnings and, in turn, dividend coverage.
Canadian Imperial Bank of Commerce dividend history shows a CAGR of 2.0% per year from 2007 to 2025. Per-share payments grew from $1.9925 to $2.8692 over that period (2026 is a partial year and excluded from the CAGR calculation). The largest annual increase in the window was 48.1% in 2019, though the history also contains at least one year-over-year decline exceeding 5%, meaning growth has not been linear. CM has raised its dividend in each of the last 2 consecutive years.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -3.0% | $3.14 (2022) | $2.87 (2025) |
| 5-Year | +5.8% | $2.17 (2020) | $2.87 (2025) |
| 10-Year | +5.4% | $1.70 (2015) | $2.87 (2025) |
CM stock fits dividend investors who want income from a large, diversified Canadian bank without concentrating in a single business line. The yield of 2.77% falls in the moderate (2–4%) range and sits above the 5-year average of 2.59%, so current buyers are getting a slightly better entry yield than the historical norm. The 42.6% payout ratio supports the current payment level. The trade-off is growth: at 2.0% per year over 18 years, the dividend has barely kept pace with inflation, and the two-year increase streak is short. Income is the draw here; capital appreciation and fast dividend growth are not part of the package.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-28 | $0.7551 |
| 2026-06-29 | $0.7529 |
| 2026-03-27 | $0.7708 |
| 2025-12-29 | $0.7827 |
| 2025-09-29 | $0.6976 |
| 2025-06-27 | $0.7098 |
| 2025-03-28 | $0.6791 |
| 2024-12-27 | $0.6900 |
| 2024-09-27 | $0.6680 |
| 2024-06-28 | $0.6570 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.2788 |
| 2025 | $2.8692 |
| 2024 | $2.6781 |
| 2023 | $2.6064 |
| 2022 | $3.1441 |
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