Recent Buy - Canadian Imperial Bank of Commerce (CM.TO)

On Tuesday, June 25 I bought 14 shares of Canadian Imperial Bank of Commerce at CA$ 104.67 per share plus commission.

My overall cost basis of this position decreases from CA$ 106.21 to $ 105.59 per share. I totally hold now 29 shares of CM and my yield on cost is 5.15%. I purchased my first CM's shares in December 2018, which you can read here.

Details of my purchase: 

With current quarterly dividend (CA$ 1.40), my last purchase 14 shares of CM will increase € 38.00 (CA$ 58.41) of expected annual net dividend income. At today's exchange rate, this purchase will increase my portfolio projected annual net dividend income approximately to € 14,540.00. After this acquisition, CM's weight of my portfolio is about 0.43% and its share of future annual dividend income is approximately 0.54%.  My purpose is slowly to continue to build up CM's share of my portfolio, if the price remains at these levels.

Click here to see my portfolio.

Full Disclosure: Long CM

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