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Derived from payout historyIncome reliability
Quarterly income profile is visible
CM.TO has an income profile aligned with its dividend company role. Provider data shows 4 recent payout records.
Market dataIncome framework read
Dividend CompanyTSXCanada
CM.TO
Canadian Imperial Bank of Commerce
FinancialsPlain dividendQuarterly
Market Snapshot
$158.27
+$1.79 (1.14%)
Toronto
Yield
2.70%
Rate $4.28
Next Payment
—
Ex-date 2026-09-28
52wk Position
76.23%
-8.45% below high
Updated —
Decision Area
Distribution and DRIP Defense
Payout history, default DRIP coverage, and price creep pressure using market data where available.
Distribution Chart
Last 12 payments
Confirmed Expected
Coverage Ratio Test
DRIP defense check
- Cash
- $107.00
- APR
- 0.676
- Coverage
- 0.676
Broken. The dividend no longer covers the target print rate. Top up shares or lower the target print rate.
Price Creep
Defended price ceiling
- Max defended
- $107.00
- Cushion
- -$51.27
- Cushion %
- -32.39%
Current $158.27Break $107.00
Smart Recommendation
CM.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.
Research Signals
Payout sustainability
Strong
5mo agoDRIP availability
Available
5mo agoTax character
Eligible dividend
5mo agoDistribution history
Multi-decade
5mo agoStructure complexity
Simple
5mo agoIncome trend
Growing
5mo agoAccount suitability
Non-reg: eligible div
5mo agoStructure Overview
Canadian Imperial Bank of Commerce (CM, commonly CIBC) pays eligible dividends quarterly and has maintained a consistent payout through multiple economic cycles. CIBC has historically offered a higher stated yield than some peers, partly reflecting its more concentrated domestic mortgage exposure. The bank's capital position and earnings coverage support the current dividend.
Canadian Planning Notes
- 1CIBC's yield is historically higher than some Big Six peers; verify that the elevated yield reflects value rather than elevated risk before weighting heavily.
- 2Eligible dividends qualify for the dividend tax credit; DRIP is available through major brokers.
- 3CIBC has a higher concentration in Canadian residential mortgages than some peers; model sensitivity to housing market stress when projecting long-term payout sustainability.
Market Facts
Market Data
A factual market, distribution, valuation, and financial snapshot for this holding.
Canadian Context
Account placement
Non-registered
Eligible Canadian dividends qualify for the dividend tax credit, which can improve after-tax income in taxable accounts.
TFSA: Tax-free growth and withdrawals.
RRSP: Tax-deferred growth, with withdrawals taxed as regular income.
Eligible dividend tax credit
- Total credit
- $345.27
- Effective rate
- 34.53%
Broker DRIP status
Questrade
Available
Wealthsimple
Available
RBC Direct Investing
Available
TD Direct Investing
Available
Run Your Numbers
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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.