TORONTO, Feb. 22, 2018 /CNW/ - CIBC (TSX: CM; NYSE:
CM) announced today that its Board of Directors declared a dividend
of $1.33 per share on common shares
for the quarter ending April 30,
2018, an increase of three
cents from the previous quarter. This dividend is payable on
April 27, 2018 to shareholders of
record at the close of business on March 28,
2018.
Class A Preferred Shares
The Board of Directors also
declared the following dividends per share:
For the period ending April 30,
2018 payable on April 27, 2018
to shareholders of record at the close of business on March 28, 2018;
Series 39 - $0.243750
Series 41 - $0.234375
Series 43 - $0.225000
Series 45 - $0.275000
Series 47 - $0.314380
CIBC has made a change to its elections under the CIBC
Shareholder Investment Plan (the "Plan"). Common shares of
CIBC purchased under the Plan with reinvested dividends will be
purchased at the Average Market Price (as defined in the Plan) of
the shares without discount. Previously, shares issued under
the "Dividend Reinvestment Option" or "Stock Dividend Option"
portions of the Plan were issued at a 2% discount to the Average
Market Price. This change will be effective starting with the
dividend payable on April 27, 2018 to
common and preferred shareholders of record on March 28, 2018, and will continue until further
notice.
About CIBC
CIBC is a leading Canadian-based global financial institution
with 11 million personal banking, business, public sector and
institutional clients. Across Personal and Small Business Banking,
Commercial Banking and Wealth Management, and Capital Markets
businesses, CIBC offers a full range of advice, solutions and
services through its leading digital banking network, and locations
across Canada, in the United States and around the world.
Ongoing news releases and more information about CIBC can be found
at www.cibc.com/ca/media-centre/.
SOURCE CIBC - Investor Relations