SmarterDividends
CM

Canadian Imperial Bank of Commerce (CM) Dividend

Canadian Imperial Bank of Commerce · Financial Services · Banks - Diversified · quarterly payer

$118.12

Fairly valued · +3% Add to Portfolio

As of Nov 5, 2026, Canadian Imperial Bank of Commerce (CM) pays a quarterly dividend of $0.7570 per share, or $3.05 a year, a 2.54% yield at its $118.12 share price. It pays every quarter, usually in April, July and October. It has raised its dividend 10 years in a row and has a dividend safety grade of C.

Forward Yield

2.54%

Annual Dividend

$3.05

Payout Ratio

40%

5-Yr Growth

5.1%

Ex-Date

Sep 28, 2026

Frequency

Quarterly

Key facts about CM's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, Canadian Imperial Bank of Commerce (CM) has a forward dividend yield of 2.54%, based on an annual dividend of $3.05 per share and a share price of $118.12.
  • As of Nov 5, 2026, CM's dividend safety grade from SmarterDividends is C (63 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Canadian Imperial Bank of Commerce (CM) has raised its dividend for 10 consecutive years as of Nov 5, 2026.
  • CM last cut its regular dividend in 2015.
  • CM's most recent ex-dividend date was Sep 28, 2026, for a dividend of $0.76 per share.
  • As of Nov 5, 2026, CM pays out 40% of its trailing 12-month earnings as dividends (its payout ratio).
  • CM's dividend has grown at an average rate of 5.1% a year over the past five years.
  • As of Nov 5, 2026, CM's 2.54% yield is 40% below its five-year average yield of 4.22%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for CM is $121.34 per share, 3% above the $118.12 share price, so CM screens as fairly valued.
  • Canadian Imperial Bank of Commerce (CM) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "CM Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/CM

Is CM a good dividend stock?

Yes, with caveats

Canadian Imperial Bank of Commerce (CM) pays a quarterly dividend yielding 2.54% ($3.05/yr), with 10 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • 10 consecutive years of dividend growth
  • Comfortable payout ratio (40%)
  • Strong 5.1% 5-yr dividend growth
  • 109% total price return over 5 years

Risks

  • Cut its dividend in 2015

Key Data

Dividend Yield
2.54%
Payout Ratio
40%
Annual Dividend
$3.05
5-Yr Avg Growth
5.1%
Ex-Dividend Date
Sep 28, 2026
Years of Growth
10
Frequency
quarterly
Beta
1.23
Market Cap
$107.2B
P/E Ratio
15.7
5-Yr Total Return
109%
52-Week Range
$82.25 – $124.86
Dividend Safety
C · 63/100
Ever Cut?
Yes (2015)

CM dividend changes

Canadian Imperial Bank of Commerce (CM) pays a variable dividend: across the 115 payments on record since 1997, 55 were higher than the one before and 28 lower. The latest change was up 0.4% to $0.757 per share, going ex-dividend on Sep 28, 2026.

Ex-dateChangeOld → newMove
Sep 28, 2026Higher$0.754 → $0.757+0.4%
Jun 29, 2026Lower$0.772 → $0.754−2.3%
Mar 27, 2026Higher$0.711 → $0.772+8.6%
Jun 27, 2025Higher$0.678 → $0.711+4.9%
Mar 28, 2025Higher$0.673 → $0.678+0.7%
Dec 27, 2024Higher$0.668 → $0.673+0.7%
Sep 27, 2024Higher$0.657 → $0.668+1.7%
Mar 27, 2024Lower$0.682 → $0.663−2.8%
Dec 27, 2023Higher$0.644 → $0.682+5.9%
Sep 27, 2023Lower$0.662 → $0.644−2.7%
Jun 27, 2023Higher$0.618 → $0.662+7.1%
Dec 23, 2022Higher$0.604 → $0.623+3.1%
Every CM payment →Download every raise and cut (CSV)
CM ex-dividend date & scheduleNext ex-date Sep 28, 2026 · full ex-dividend historyView →CM dividend historyEvery payment, totals by year, raises and cutsView →CM dividend calculator100 shares pay $305.00 a year, $76.25 each quarterCalculate →CM total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is CM a good dividend stock?

Yes, with caveats. Canadian Imperial Bank of Commerce (CM) pays a quarterly dividend yielding 2.54% ($3.05/yr), with 10 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is CM undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, CM's fair value is about $121.34 versus a $118.12 share price — so it looks fairly valued (+3% vs. fair value).

Is CM's dividend safe?

CM has a dividend-safety grade of C (63/100), based on its payout coverage, free-cash-flow, 10-year growth streak, a dividend cut in 2015, debt and yield-versus-history.

What is CM's fair value?

Our blended fair-value estimate for CM is about $121.34 per share, roughly 3% above the current $118.12 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is CM a buy, hold, or sell?

We don't issue formal ratings, but on the data CM screens as "yes, with caveats" and fairly valued. Canadian Imperial Bank of Commerce (CM) pays a quarterly dividend yielding 2.54% ($3.05/yr), with 10 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will CM cut its dividend?

CM earns a dividend-safety grade of C (63/100), and has cut its dividend before (last in 2015). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does CM pay a dividend?

Yes. Canadian Imperial Bank of Commerce pays a quarterly dividend of about $3.05 per share annually, a forward yield of roughly 2.54%.

How much dividend does 100 shares of CM pay?

At $3.05 per share a year, 100 shares of CM pay $305.00 a year in dividends before tax, about $76.25 each quarter. Buying them costs about $11,812 at the Nov 5, 2026 price.

What is CM's dividend yield?

As of Nov 5, 2026, CM's forward dividend yield is 2.54%, based on a $3.05 annual dividend and a $118.12 share price.

What is CM's dividend per share?

As of Nov 5, 2026, CM pays $3.05 per share per year, distributed on a quarterly basis.

What is CM's dividend payout ratio?

As of Nov 5, 2026, CM's payout ratio is 40% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has CM grown its dividend?

As of Nov 5, 2026, CM has increased its dividend for 10 consecutive years.

When is the next CM ex-dividend date?

As of Nov 5, 2026, CM's next ex-dividend date hasn't been announced. The most recent was Sep 28, 2026, for $0.76 per share.

Income Calculator

At $3.05 / yr per share

Per payment (quarterly)$76.25
Annual$305.00
Monthly avg$25.42
Full CM dividend calculator →

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