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Canadian Imperial Bank of Commerce (CM) 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.

The company also provides investment and insurance services; credit cards; and ATMs, as well as mobile, online, and global money and wire transfer services.

Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.

Three key data points gauge the Canadian Imperial Bank of Commerce or any dividend-paying firm.

The key three are:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys also best tell whether any company has made, is making, and will make money.

CM Price

Over the past year, CM share price increased nearly 13.8% from $42.77 to $48.67 as of Wednesday’s market close.

If Canadian Imperial Bank of Commerce shares trade in the range of $35.00 to $55.00 this next year, its recent $48.67 share price might rise to $50.00 by next year. Of course, CM price could also drop about the same $1.33 estimated amount, or more.

My $1.33 upside estimate, however, is just over the average share price gain by CM over the past four years.

CM Dividend

Canadian Imperial Bank of Commerce has paid quarterly variable dividends since January 1990.

CM most recent Q dividend of $0.66 was declared May 22nd for shareholders of record June 28th and the dividend is payable July 29th.There still time to get in-on this next payout.

A forward looking $2.63 annual dividend yields 5.41% at Wednesday’s $48.67 share price.

CM Returns

To put it all together, add the CM projected annual dividend of $2.63 to the estimated price upside of $1.33 to get a $3.96 estimated gross gain for the coming year.

At Wednesday’s $48.67 share price, a little under $1000 would buy 20.5 shares.

A $10 broker fee (if charged), paid half at purchase and half at sale, would cost us about $0.49 per share.

Subtracting that likely $0.49 brokerage cost from the $3.96 estimated gross gain reveals a net gain of $3.47 X 20.5 shares = $71.14 for about an 7.10% estimated net gain on the year.

Furthermore, the $54.10 annual dividend income from $1K invested is $5.43 more than the single share price. It is an ideal dividend dog.

You might choose to pounce on Canadian Imperial Bank of Commerce. It is a 156 year-old dividend paying Toronto-based diversified Bank that has a 34 year track record paying quarterly variable dividends.

The exact track of CM future price and dividend will entirely be determined by market action.

Remember the true value of any stock is best realized through personal ownership of shares.

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