The Big 5: CIBC

In 1961, the Canadian Imperial Bank of Commerce was the product of a merger between the Canadian Bank of Commerce (1867) and the Imperial Bank of Canada (1875). At that time, CIBC had the most branches and most resources than any other bank in Canada.

Here is CIBC at a glance as of Dec 10, 2011:

Symbol on TSX     CM
Current Close        $71.92
52 week High        $85.56
52 week Low        $67.32
EPS                       7.33
Annual Dividend    $3.60
Current Yield         5.00%


CIBC has never missed a regular dividend payment since the first payment in 1868. The dividend payout ratio is a very conservative 49% which means the dividend will be easily maintained. The following chart represents CIBC's dividend from 2000 and its current amount going into 2012.