Dividends cibcCIBC hasn't missed a regular dividend since its first dividend payment in 1868. They also have raised the dividend every year since 1997. I believe the dividend is safe and they may not raise it this year but having raised it through 2001 and the 2008 period I think we maybe pleasently surprised. An increase rests on the re-opening of the economy. The quarter ending April 30 for Canadian banks has 2 months of shut down to the economy included in quarterly results. For those that think there is no way they can hold the dividend, simple sell your position or better yet contact IR and ask them if CIBC has ever reduced their dividend. I do not believe they have but I stand to be corrected on this point. The last time a Canadian top 6 bank cut their dividends was National Bank in I believe 1992.
Good luck.