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Canadian Imperial Bank of Commerce (TSX:CM.PR.Y.PFD) 5-Year Yield-on-Cost %

: 6.67 (As of Today)
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Canadian Imperial Bank of Commerce's yield on cost for the quarter that ended in Jan. 2024 was 6.67.


The historical rank and industry rank for Canadian Imperial Bank of Commerce's 5-Year Yield-on-Cost % or its related term are showing as below:

TSX:CM.PR.Y.PFD' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 4.54   Med: 5.92   Max: 9.94
Current: 6.67


During the past 13 years, Canadian Imperial Bank of Commerce's highest Yield on Cost was 9.94. The lowest was 4.54. And the median was 5.92.


TSX:CM.PR.Y.PFD's 5-Year Yield-on-Cost % is ranked better than
71.64% of 1199 companies
in the Banks industry
Industry Median: 4.97 vs TSX:CM.PR.Y.PFD: 6.67

Competitive Comparison

For the Banks - Diversified subindustry, Canadian Imperial Bank of Commerce's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Canadian Imperial Bank of Commerce 5-Year Yield-on-Cost % Distribution

For the Banks industry and Financial Services sector, Canadian Imperial Bank of Commerce's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Canadian Imperial Bank of Commerce's 5-Year Yield-on-Cost % falls into.



Canadian Imperial Bank of Commerce 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of Canadian Imperial Bank of Commerce is calculated as

Yield-on-Cost=Dividend Yield %*(1+Dividend Growth Rate)^5

Canadian Imperial Bank of Commerce  (TSX:CM.PR.Y.PFD) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.


Canadian Imperial Bank of Commerce 5-Year Yield-on-Cost % Related Terms

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Canadian Imperial Bank of Commerce (TSX:CM.PR.Y.PFD) Business Description

Address
81 Bay Street, CIBC Square, Toronto, ON, CAN, M5J 0E7
Canadian Imperial Bank of Commerce is Canada's fifth-largest bank and operates three business segments: retail and business banking, wealth management, and capital markets. It serves approximately 11 million personal banking and business customers, primarily in Canada.

Canadian Imperial Bank of Commerce (TSX:CM.PR.Y.PFD) Headlines

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