TORONTO, May 28, 2015 /CNW/ - CIBC (TSX: CM; NYSE:
CM) announced today that its board of directors declared a dividend
of $1.09 per share on common shares
for the quarter ending July 31, 2015
payable on July 28, 2015 to
shareholders of record at the close of business on June 29, 2015.
Class A Preferred Shares
The board of directors also declared the following dividends per
share:
For the quarter ending July 31,
2015 payable on July 28, 2015
to shareholders of record at the close of business on June 29, 2015:
Series 39 - $0.243750
Series 41 - $0.234375
Series 43 - $0.351400*
* includes the period from the issue date of March 11, 2015 to July 31,
2015.
CIBC has designated the Class A Preferred Shares Series 43 of
CIBC as eligible to participate in the CIBC Shareholder Investment
Plan (the "Plan") along with the other series. Holders of
eligible shares may elect to have dividends on those preferred
shares reinvested in common shares of CIBC if they reside in
Canada, or may elect stock
dividends if they reside in the U.S. See "CIBC Shareholder
Investment Plan" at www.cibc.com for more information.
About CIBC
CIBC is a leading Canadian-based global financial institution
with nearly 11 million personal banking and business clients.
Through our three major business units - Retail and Business
Banking, Wealth Management and Wholesale Banking - CIBC offers a
full range of products and services through its comprehensive
electronic banking network, branches and offices across
Canada with offices in
the United States and around the
world. You can find other news releases and information about CIBC
in our Media Centre on our corporate website at
www.cibc.com/ca/media-centre/.
SOURCE CIBC - Investor Relations