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Data last updated: Aug 31, 2026
Snapshot (as of Aug 31, 2026): Canadian Imperial Bank of Commerce (CM) pays a $4.18 annual dividend ($1.04 quarterly), yielding 2.63% at $114.33/share. Next ex-dividend date 2026-09-28. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.63%
Annual Dividend: $4.18 per share
Payout Ratio: 42.6%
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 United States, and globally. The current yield stands at 2.63%, with a trailing annual dividend rate of $4.18 per share paid quarterly. The next ex-dividend date is September 28, 2026. With a beta of 1.277, CM stock carries slightly more price volatility than the broader market, which income investors focused on stability should factor in.
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 CIBC's diversified revenue base spanning personal banking, commercial lending, wealth management, and capital markets across multiple geographies. Canadian Imperial Bank of Commerce dividend safety faces its most direct pressure from the bank's beta of 1.277, which reflects above-average sensitivity to market conditions that can affect earnings in cyclical downturns.
Canadian Imperial Bank of Commerce dividend history shows a CAGR of 3.9% per year from 2009 to 2025. The per-share annual dividend grew from $1.5560 to $2.8693 over that period (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 24.3% in 2013, though the history 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 moderate, bank-backed income without chasing yield. The current yield of 2.63% falls within the moderate (2-4%) range and sits below the 5-year average of 3.16%, meaning buyers today are getting less income relative to price than the historical norm. The 42.6% payout ratio keeps the dividend well-covered, and four consecutive years of increases show recent momentum. The trade-off is clear: Canadian Imperial Bank of Commerce offers a covered, growing payout from a diversified financial institution, but growth at 3.9% annually is slow, and the below-average current yield limits immediate income.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-28 | $0.7719 |
| 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 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.2956 |
| 2025 | $2.8693 |
| 2024 | $2.6610 |
| 2023 | $2.6060 |
| 2022 | $2.5140 |
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