CIBC Dividend yield

CIBC is part of Banks business, which is part of Financials industry. CIBC is a company from Canada, and his stocks are publicly traded.

CIBC stock dividend

CIBC paid a total dividend of 3,142 million CAD last year, for a market value of 48,347 millions (Market Cap 47,225 millions). CIBC dividend per share is 3.48 CAD, and his stock market price 53.54 CAD.

According to the chart below, where dividend yield is displayed, CIBC has a dividend yield of 6.50%, which is higher than the amount offered by both the market average and companies from Canada. It is also bigger than average of Financials industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare CIBC stocks dividend with other Banks companies or other of the best Canada dividend stocks list.

CIBC Dividend Payout

About the ability of CIBC to maintain his current dividend of CAD 3.48 per share, an amount that accounts for 6.50%, we should study its payout ratio both on earnings and on cash-flows (see chart below). CIBC payout on ernings is currently 48.07%, which is higher than the market average, and companies of Financials industry, which are 39.34% and 46.18% respectively. Both figures show that CIBC can have problems to keep with his present dividend yield.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of CIBC is CAD 31.49 per share, which is higher than the dividend per share paid by the company of CAD 3.48, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of CIBC, compared againt world market average, Canada companies, Financials industry and Banks sector companies.

CIBC Dividend History

Below you will find a table with the historical evolution of CIBC's dividend stock, both in percentage and in CAD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year	Yield	CAD	Paypout	Shares*
Present	6.50%	3.48	48.07%	903
2022	6.21%	3.40	46.58%	903
2021	4.37%	6.44	42.79%	448
2020	5.37%	5.84	62.86%	445
2019	5.33%	5.76	47.45%	444
2018	5.35%	5.44	43.35%	444
2017	4.24%	5.20	46.26%	440
2016	4.57%	4.84	51.60%	395
2015	4.47%	4.48	54.50%	400

*In millions

Then you can see the evolution of CIBC dividend stock, and compare it with the average of Canada stocks and that of the Banks stocks.

CIBC Stock performance

Finally, last moth CIBC showed a return of -7.80% compared to a worldwide -2.49% average, and a -3.03% of Financials firms. Over the last year, the company obtained a -13.80% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Canada and Banks firms.