Canadian Imperial Bank of Commerce T.CM

Alternate Symbol(s): CM | T.CM.PR.Q | T.CM.PR.P | T.CM.PR.S

Financial Services

Canadian Imperial Bank of Commerce is a Canada-based financial institution. The Company has over 14 million personal banking, business, public sector and institutional clients in Canada, the United States and around the world. The Company has four strategic business units (SBUs): Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets and Direct Financial Services. Its Canadian Personal and Business Banking provides personal and business clients across Canada with financial advice, services and solutions through banking centers, as well as mobile and online channels. Its Canadian Commercial Banking and Wealth Management provides relationship-oriented banking and wealth management services to middle-market companies, entrepreneurs, high-net-worth individuals and families across Canada, as well as asset management services to institutional investors.

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Canadian Imperial Bank of Commerce > Ex-Dividend Sept. 27/23...

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Post by joebravoon Sep 26, 2023 7:21am

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Post# 35653935

Ex-Dividend Sept. 27/23...

I don't pay too much attention to ex-dividend because I've held CM stock for a while now, but a question if anyone cares to reply.

From my understanding, even though tomorrow is ex-dividend, those who buy today do not qualify for the dividend because you actually need to settle your account by tomorrow. So, would you not have to have purchased CM shares either last Friday or the latest, yesterday?

I could be wrong, but if anyone could clarify this, I would appreciate it. Thanks.

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