On Thursday,
December 4th, the Board of Directors of Canadian Imperial Bank of
Commerce (CM) announced
a quarterly dividend increase from C$0.97 to C$1.07 per share,
representing a 10.3% rise. The dividend is payable on January 28,
2026, to shareholders of record as of December 29, 2025.
At the current price of C$125.04 (yesterday's close), this increase will raise CM's dividend yield to 3.42%.
Canadian Imperial Bank of Commerce is a member of Canadian Dividend All Star List with a 14 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 5.2, 7.0, 5.3 and 6.2 (Canadian Dividend All-Star List)
As an owner of 140 shares of CIBC, the recent dividend increase adds $29.77 to my projected annual net dividend income.
I was expecting a dividend increase of around five percent, so the size of this increase came as a very pleasant and positive surprise.
This recent dividend increase marks the tenth consecutive raise I've received from CIBC since I initiated my first shares in December 2018. Over that time, CIBC's quarterly dividend has risen moderately from $0.68 to $1.07 per share, representing a total increase of 57.4%.
The moment of writing, CIBC’s weight of my portfolio is about 1.43% and its share of future annual dividend income is approximately 1.18%.
Following this increase, my yield on cost is 9.28%.
Summary of 2025 Dividend Increases / Cuts
Click here to see my portfolio holdings.
You can follow the development of my dividends here.
Full Disclosure: Long CM
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