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Betteryear2 on Feb 25, 2022 7:38pm
Dividends for the Quarter Ending April 30, 2022
TORONTO, Feb. 25, 2022 /CNW/ - CIBC (TSX: CM) (NYSE: CM) announced today that its Board of Directors declared a dividend of $1.61 per share on common shares for the quarter ending April 30, 2022 payable on April 28, 2022 to shareholders of record at the close of business on March 28, 2022.
CIBC's dividend declared today for the quarter ending April 30, 2022 will not be affected by the proposed two-for-one share split of CIBC's issued and outstanding common shares (the "Share Split"). If the Share Split receives shareholder and regulatory approval and is implemented by CIBC's Board, all subsequent dividends declared by CIBC's Board are expected to reflect the Share Split.
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