CIBC Dividend yield




   CAD/share 
 Price  123.05
 Dividend  5.84
 Earnings  9.32
 Cash-flow  -7.60
 Book value  82.03
 Equity  82.48

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 paid a total dividend of 2,599 million CAD last year, for a market value of 54,757 millions (Market Cap 54,755 millions). Dividend per share of CIBC is 5.84 CAD, and his stock market price 123.05 CAD.

According to the chart below, where dividend yield is displayed, CIBC has a dividend yield of 4.75%, 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 dividend yield with other Banks companies or firms from Canada.

Dividend yield of CIBC

CIBC Dividend Payout

About the ability of CIBC to maintain his current dividend of CAD 5.84 per share, an amount that accounts for 4.75%, we should study its payout ratio both on earnings and on cash-flows (see chart below). CIBC payout on ernings is currently 62.66%, which is higher than the market average, and companies of Financials industry, which are 38.17% and 41.32% 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 -7.60 per share, which is lower than the dividend per share paid by the company of CAD 5.84, so the company does not generate 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 payout

CIBC Dividend History

Year Yield  CAD  Paypout  Shares* 
Present4.75%5.8462.66%445
20205.37%5.8462.86%445
20195.33%5.7647.45%444
20185.35%5.4443.35%444
20174.24%5.2046.26%440
20164.57%4.8451.60%395
20154.47%4.4854.50%400

*In millions

CIBC Stock performance

Finally, last moth CIBC showed a return of 4.90% compared to a worldwide 4.24% average, and a 4.05% of Financials firms. Over the last year, the company obtained a 50.10% versus a worldwide performance of a 53.49%. More detailed information can be seen in the following graph for Canada and Banks firms.

CIBC stock and market return