Friday Is Your Last Chance To Buy Canadian Imperial Bank Before The Dividend Payout

Friday marks the last chance for investors to receive the next dividend payout from Canadian Imperial Bank CM.

What's Happening

The company announced on Friday that it would pay shareholders a quarterly dividend of 85 cents per share. On Monday, Canadian Imperial Bank will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 85 cents lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own CM as of the end of Friday's session are eligible to receive the 85 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on April 28, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

Click here to find details on Canadian Imperial Bank's previous dividends.

To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.