Stock Name: CM
Amount: CAD 0.90
Announcement Date: 08/03/2012
Record Date: 26/03/2012
Dividend Detail:
TORONTO, March 8, 2012 /CNW/ - (TSX: CM; NYSE: CM) - CIBC announced
today that its board of directors declared a dividend of 90 cents per
share on common shares for the quarter ending April 30, 2012 payable on
April 27, 2012 to shareholders of record at the close of business on
March 28, 2012.
Class A Preferred Shares
Other dividends per share for the quarter ending April 30, 2012, payable
on April 27, 2012 to shareholders of record at the close of business on
March 28, 2012, were declared as follows:
Series 18 - $0.343750
Series 26 - $0.359375
Series 27 - $0.350000
Series 29 - $0.337500
Series 32 - $0.281250
Series 33 - $0.334375
Series 35 - $0.406250
Series 37 - $0.406250
Under CIBC's Shareholder Investment Plan (the Plan), holders of CIBC
common and designated preferred shares resident in Canada or the United
States may elect to have dividends reinvested in additional common
shares of CIBC. Shares acquired by participants to the Plan will
continue to be issued by CIBC from treasury. CIBC has determined that
commencing with the dividend to be paid on July 27, 2012, the shares
issued under the Plan will be issued without discount from the Average
Market price (as defined in the Plan) until such time as CIBC elects
otherwise. Previously, shares were issued at a 2% discount.
For further information:
Mary Lou Frazer, Senior Director, Communications and Public Affairs, 416-980-4111 or Geoff Weiss, Vice-President, Investor Relations, 416-980-5093.
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