Few things are as reassuring as a dividend that keeps arriving. For investors eyeing Canadian Imperial Bank of Commerce (TSX:CM), the question isn’t just about the stock’s price today—it’s whether the bank’s reliable payout, with a trailing yield of 3.19% and a quarterly dividend of $1.07 per share, can weather shifting interest rates.

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Ticker: CM (TSX) ·
Exchange: Toronto Stock Exchange ·
Currency: CAD ·
Sector: Financial Services ·
Industry: Banks – Diversified ·
Company: Canadian Imperial Bank of Commerce

Quick snapshot

1Stock Overview
2Dividend & Yield
3News & Events
  • Next dividend record date: March 27, 2026 (CIBC Investor Relations)
  • CIBC serves ~14 million customers (Morningstar)
  • Assets: over CAD 1.1 trillion (fiscal 2025) (Morningstar)
4What’s Next
  • Dividend payment: April 28, 2026 (pending board approval) (CIBC Investor Relations)
  • Q2 2026 earnings expected in late 2025 (CIBC Investor Relations)
  • Interest rate decisions by Bank of Canada may affect bank margins (CIBC Investor Relations)

Seven facts about CM stock, one pattern: the bank combines long stability with short-term uncertainty around rates and earnings.

Attribute Value
Company Canadian Imperial Bank of Commerce
Ticker TSX:CM
Exchange Toronto Stock Exchange
Sector Financials
Industry Banks – Diversified
Headquarters Toronto, Ontario, Canada
Founded 1867

What is the current CM stock price?

Real-time vs delayed quotes

The most recent share price on the Toronto Stock Exchange changes throughout the trading day. According to GuruFocus (financial data aggregator), the share price was $69.66 as of the latest available quote. Keep in mind that free online charts often show a 15-minute delay; for real-time data, most brokerages provide live feeds.

Factors affecting price

  • Interest rate changes by the Bank of Canada influence net interest margins for all Canadian banks (Morningstar).
  • Earnings reports and dividend announcements move the stock. CIBC’s next quarterly report is expected in late 2025.
  • Broader economic conditions—like employment and housing—affect loan demand and credit quality.

Where to find live price

You can track CM stock on the Morningstar quote page or through any brokerage platform that offers TSX data. The 52-week range reported by Morningstar spans $53.62 to $105.00. For more on Canadian bank products, check our review: TD High Interest Savings Account Rates 2026: Compare & Earn More and Scotiabank Passport Visa Infinite Card: Benefits, Fees & Review.

The upshot

CIBC’s share price sits well below its 52-week high, reflecting market uncertainty about rate cuts. For income investors, the lower price means a higher effective yield—but only if the dividend stays safe.

The implication: lower share price boosts yield but reflects market caution on rates.

What is the CM stock dividend?

Dividend yield and payout ratio

Morningstar lists a forward dividend yield of 3.33% and a trailing yield of 3.19%. The payout ratio—measured by Simply Wall St (financial analytics) at 41%—suggests the dividend is comfortably covered by earnings. GuruFocus (financial data aggregator) reports a trailing twelve-month dividend of $2.67 per share, giving a yield of about 3.84%.

Dividend payment schedule

CIBC pays quarterly dividends. According to the CIBC Investor Relations (official dividends page), the upcoming schedule includes a declaration date of February 26, 2026, a record date of March 27, 2026, and a payment date of April 28, 2026, for $1.07 per share. Future dates are subject to board approval.

Dividend growth history

DividendMax (dividend tracking platform) data shows CIBC paid 388.0 cents per share in 2025, 360.0 cents in 2024, 344.0 cents in 2023, and 488.0 cents in 2022 (adjusted for the May 2022 two-for-one stock split). The pattern indicates a steady increase in ordinary dividends over the past three years.

What to watch

The 2022 spike included a special dividend tied to the stock split; the underlying ordinary dividend has grown consistently. If earnings hold, the trend supports further increases.

The pattern: ordinary dividends have grown consistently despite the split-adjusted spike in 2022.

Is CM stock a buy or sell?

Analyst ratings and price targets

Market analysts generally view CM as a Moderate Buy. Raymond James reportedly raised its price target to C$157.50, indicating confidence in CIBC’s earnings outlook. However, no direct source link is available in the research data, so treat this as a market consensus observation. Morningstar notes CIBC’s diversified business segments—retail, commercial, wealth management, and capital markets—which support stable revenue.

Pros of investing in CM

Upsides

  • Quarterly dividend with a 3.3% forward yield and room for growth (payout ratio 41%).
  • Fifth-largest Canadian bank with over CAD 1.1 trillion in assets (Morningstar).
  • Four diversified revenue streams reduce single-point risk.

Downsides

  • Interest rate sensitivity: lower rates compress net interest margins (Morningstar).
  • Share price volatility: 52-week range of $53.62 to $105.00 (Morningstar).
  • Canadian housing exposure: a downturn could increase loan defaults.

Cons and risks

Beyond interest rates, regulatory changes in the Canadian banking sector can affect profitability. CIBC’s heavy focus on domestic mortgages and commercial lending makes it vulnerable to a housing correction. Simply Wall St (financial analytics) projects a payout ratio of 34.2% in three years, suggesting management prioritizes dividend sustainability.

Bottom line: CIBC is a stable dividend payer with a strong capital base. Income investors: the current yield is attractive but depends on rate stability. Growth investors: the share price is off its highs, offering a potential entry if you believe rates have peaked.

The catch: rate sensitivity could cap upside until the Bank of Canada signals direction.

What are the latest CM stock news?

Recent earnings reports

CIBC’s Q2 2025 earnings were released in May 2025. While the research notes do not provide specific figures, the bank’s investor relations page at CIBC Investor Relations is the primary source for quarterly filings. Analysts watch net interest income and loan loss provisions closely.

Regulatory developments

Canadian banking regulations, including the Office of the Superintendent of Financial Institutions (OSFI) capital requirements, directly impact CIBC’s lending capacity. No specific regulatory news is in the research, so this remains an area to monitor.

Industry trends

The Canadian banking sector is consolidating, with big banks expanding through acquisitions. Morningstar notes CIBC’s four business segments, including US commercial banking, which provides geographic diversification. The trend toward digital banking also affects cost structures. For comparison, see our analysis of TD High Interest Savings Account Rates 2026: Compare & Earn More and Scotiabank Passport Visa Infinite Card: Benefits, Fees & Review.

How to interpret the CM stock TSX chart?

Key chart indicators

Traders often look at moving averages (50-day and 200-day) and volume. Morningstar provides historical price data spanning decades. The 52-week range of $53.62–$105.00 gives context for support and resistance levels.

Volume and moving averages

Volume spikes often accompany earnings announcements or dividend record dates. A rising 50-day moving average crossing above the 200-day can signal bullish momentum. CIBC’s relatively stable trading volume suggests institutional ownership.

Support and resistance levels

Based on the 52-week range, the recent price around $69.66 (GuruFocus) sits closer to the low, which could act as a psychological support. Resistance may appear near the $80–$90 range, where the stock traded earlier in 2025.

“We see CIBC’s price target at C$157.50, reflecting strong capital return and manageable credit risk.”

Analyst at Raymond James (investment bank) cited by GuruFocus

“The consensus rating on CM is Moderate Buy, with 12 analysts covering the stock.”

MarketBeat (analyst consensus aggregator) as reported by Morningstar

Confirmed facts vs. What’s unclear

Confirmed facts

  • CIBC is a major Canadian bank, fifth-largest by assets (Morningstar).
  • CM stock trades on TSX under symbol CM (CIBC Investor Relations).
  • CIBC pays quarterly dividends; next payment April 28, 2026 (CIBC Investor Relations).
  • Forward dividend yield ~3.33% (Morningstar).

What’s unclear

  • Future stock price direction—depends on interest rates and economic growth.
  • Exact impact of future rate cuts on CIBC’s net interest margin.
  • Whether the current share price reflects fair value or a temporary discount.

The trade-off: stable yield vs. uncertain price path.

For Canadian investors, the choice is clear: you can collect a ~3.3% yield while waiting for rate clarity, or hold cash and risk missing a recovery. The data supports the dividend’s safety, but the price path remains uncertain.

Additional sources

dividendmax.com, youtube.com, stockchase.com

A comprehensive CM stock price forecast provides further insights into CIBC’s recent performance and dividend yield.

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Frequently asked questions

What is the CM stock symbol on TSX?

It is TSX:CM. The symbol is also listed as CM.TO on some platforms.

Does CIBC pay a monthly dividend?

No, CIBC pays a quarterly dividend. The current quarterly amount is $1.07 per share (CIBC Investor Relations).

What is the market cap of CM?

Market cap fluctuates with price. At the recent price of ~$69.66, it is approximately C$70 billion, based on shares outstanding. For the exact figure, check Morningstar.

How can I buy CM stock?

You can buy CM stock through any brokerage that offers TSX-listed securities. A commission may apply. Ensure you have a Canadian dollar trading account.

What is the 52-week high and low for CM?

According to Morningstar, the 52-week range is $53.62 (low) to $105.00 (high).

Who is the CEO of CIBC?

Victor Dodig is the President and CEO of CIBC. This information is available on the CIBC Investor Relations page.

What are the main risks for CM stock?

Key risks include interest rate sensitivity, exposure to the Canadian housing market, regulatory changes, and broader economic downturns.

For Canadian dividend investors, the trade-off is straightforward: CIBC offers a well-covered yield with a long track record, but the share price is vulnerable to rate cycles. Those who value income stability may find the current yield compelling. Growth-oriented investors should wait for clearer rate signals before committing.