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Data last updated: Jul 17, 2026
Snapshot (as of Jul 17, 2026): Canadian Imperial Bank of Commerce (CM) pays a $4.18 annual dividend ($1.04 quarterly), yielding 2.45% at $121.75/share. Next ex-dividend date 2026-06-29. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.45%
Annual Dividend: $4.18 per share
Payout Ratio: 42.7%
Ex-Dividend Date: 2026-06-29
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 stands at 2.5%, with a trailing annual dividend rate of $4.18 per share paid quarterly. The next ex-dividend date is June 29, 2026. With a beta of 1.274, CM stock carries slightly more price volatility than the broader market, making it a fit for dividend investors who can tolerate some share price movement in exchange for a moderate income stream.
Canadian Imperial Bank of Commerce pays out 42.7% 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 a beta of 1.274, which reflects sensitivity to broader financial market conditions that can affect bank earnings. No data in the available window points to an imminent payout strain, but the bank's earnings are not insulated from credit cycle or interest rate shifts.
Canadian Imperial Bank of Commerce dividend history shows a CAGR of 3.9% per year from 2009 to 2025. Per-share payments grew from $1.5560 to $2.8693 over that period (2026 is a partial year and excluded from the growth calculation). The largest annual increase in the window was 24.3% in 2013, though the data also contains at least one year-over-year decline exceeding 5%, so growth has not been linear.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +4.5% | $2.51 (2022) | $2.87 (2025) |
| 5-Year | +5.8% | $2.16 (2020) | $2.87 (2025) |
| 10-Year | +5.4% | $1.70 (2015) | $2.87 (2025) |
CM stock fits dividend investors who want a moderate, bank-backed income stream without chasing a high yield. The current yield of 2.5% sits in the moderate (2–4%) range and runs below the 5-year average yield of 3.07%, meaning buyers today are getting less income relative to price than the historical norm. Four consecutive years of dividend increases and a 42.7% payout ratio point to a payout that is currently well-covered. The trade-off is growth: at 3.9% per year over 16 years, dividend expansion is real but unhurried. An investor in Canadian Imperial Bank of Commerce gets broad financial services exposure and a covered payout, accepting below-average yield and gradual income growth.
| Payment Date | Amount per Share |
|---|---|
| 2026-06-29 | $0.7529 |
| 2026-03-27 | $0.7708 |
| 2025-12-29 | $0.7827 |
| 2025-09-29 | $0.6976 |
| 2025-06-27 | $0.7110 |
| 2025-03-28 | $0.6780 |
| 2024-12-27 | $0.6730 |
| 2024-09-27 | $0.6680 |
| 2024-06-28 | $0.6570 |
| 2024-03-27 | $0.6630 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.5237 |
| 2025 | $2.8693 |
| 2024 | $2.6610 |
| 2023 | $2.6060 |
| 2022 | $2.5140 |
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