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Data last updated: Aug 18, 2026
Snapshot (as of Aug 18, 2026): Canadian Imperial Bank of Commerce (CM.TO) pays a $4.18 annual dividend ($1.07 quarterly), yielding 2.49% at $168.10/share. Next ex-dividend date 2026-06-29. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.49%
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: 32
Canadian Imperial Bank of Commerce dividend income comes from one of Canada's oldest banks, founded in Toronto in 1867 and serving individuals, businesses, and institutional clients across Canada, the U.S., and global markets. The current yield stands at 2.48%, 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 1.277, CM.TO carries above-average price sensitivity, which suits dividend investors who can tolerate some volatility 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 the beta of 1.277, which reflects above-average sensitivity to broader market swings that can affect bank earnings. No data in the block points to structural payout stress at current levels.
Canadian Imperial Bank of Commerce dividend history shows a CAGR of 0.8% per year from 2009 to 2025. Per-share dividends moved from $3.48 to $3.98 over that window (with 2026 a partial year and excluded from this calculation). The largest annual increase in the window was 10.2% in 2015, but the data also contains at least one year-over-year decline exceeding 5%, which means growth has not been linear. At 0.8% annually, dividend growth has lagged inflation over the full period.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -1.1% | $4.12 (2022) | $3.98 (2025) |
| 5-Year | -7.4% | $5.84 (2020) | $3.98 (2025) |
| 10-Year | -1.0% | $4.42 (2015) | $3.98 (2025) |
CM.TO fits dividend investors who prioritize a moderate, recurring income stream from a large, diversified Canadian bank rather than rapid payout growth. The yield of 2.48% falls within the moderate (2–4%) range and sits just below the 5-year average yield of 2.53%, so current buyers are getting roughly in-line historical income. The payout ratio of 42.7% supports the current dividend without obvious strain. The trade-off is clear: growth at 0.8% per year is slow, and a beta above 1.2 means the stock price moves more than the broader market. Income is the draw here; capital stability is not guaranteed by the data.
| Payment Date | Amount per Share |
|---|---|
| 2026-06-29 | $1.0700 |
| 2026-03-27 | $1.0700 |
| 2025-12-29 | $1.0700 |
| 2025-09-29 | $0.9700 |
| 2025-06-27 | $0.9700 |
| 2025-03-28 | $0.9700 |
| 2024-12-27 | $0.9700 |
| 2024-09-27 | $0.9000 |
| 2024-06-28 | $0.9000 |
| 2024-03-27 | $0.9000 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.1400 |
| 2025 | $3.9800 |
| 2024 | $3.6700 |
| 2023 | $3.4900 |
| 2022 | $4.1200 |
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