Tuesday Is Your Last Chance To Buy Canadian Imperial Bank Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Canadian Imperial Bank (NYSE:CM) announced a quarterly dividend of 90 cents per share, with the ex-dividend date being Wednesday. Shareholders must own the stock before this date to be eligible for the dividend, which will be paid on January 29, 2024. The stock is expected to open 90 cents lower on the ex-dividend date.
December 22, 2023 | 2:45 pm
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Canadian Imperial Bank (NYSE:CM) will pay a quarterly dividend of 90 cents per share, with shares expected to open lower by the same amount on the ex-dividend date.
The stock price of Canadian Imperial Bank is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence with stocks on their ex-dividend date.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100