Monday Is Your Last Chance To Buy Canadian Imperial Bank Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Monday is the last day for investors to buy Canadian Imperial Bank (NYSE:CM) shares to be eligible for the next dividend payout of 87 cents per share. The stock will go ex-dividend on Tuesday, and the dividend will be paid out on July 31, 2023.
June 22, 2023 | 2:46 pm
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Canadian Imperial Bank's stock will likely open 87 cents lower on Tuesday due to the ex-dividend date. Investors must own shares by end of Monday to receive the dividend.
The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the dividend payout. Investors who own shares by the end of Monday will be eligible for the dividend, making it a crucial date for those interested in the payout.
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