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Canadian Imperial Bank of Commerce (NYSE:CM) declared a quarterly dividend on Thursday, August 28th, American Banking & Market News reports. Shareholders of record on Monday, September 29th will be given a dividend of 0.9137 per share on Tuesday, October 28th. This represents a $3.65 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Thursday, September 25th.

CM has been the subject of a number of recent research reports. Analysts at Barclays reiterated an “underweight” rating on shares of Canadian Imperial Bank of Commerce in a research note on Tuesday, August 19th. They now have a $105.00 price target on the stock, up previously from $100.00. On a related note, analysts at Macquarie upgraded shares of Canadian Imperial Bank of Commerce from an “underperform” rating to a “neutral” rating in a research note on Wednesday, August 13th. Finally, analysts at Macquarie initiated coverage on shares of Canadian Imperial Bank of Commerce in a research note on Monday, July 14th. They set an “outperform” rating and a $24.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Canadian Imperial Bank of Commerce presently has a consensus rating of “Hold” and an average price target of $92.80.

Canadian Imperial Bank of Commerce (NYSE:CM) traded down 1.97% on Thursday, hitting $95.14. 426,976 shares of the company’s stock traded hands. Canadian Imperial Bank of Commerce has a 1-year low of $76.25 and a 1-year high of $97.23. The stock’s 50-day moving average is $92.82 and its 200-day moving average is $88.66. The company has a market cap of $37.806 billion and a P/E ratio of 13.54.

Canadian Imperial Bank of Commerce (NYSE:CM) last released its earnings data on Thursday, August 28th. The company reported $2.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.04. Analysts expect that Canadian Imperial Bank of Commerce will post $8.69 EPS for the current fiscal year.

Canadian Imperial Bank of Commerce (NYSE:CM) is a global financial institution.

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