Rank CIBC Preferreds
This compare tool allows you to Rank CIBC Preferreds, based on the latest stock information available. Our goal is to provide you with the information and metrics related to the CIBC preferreds. Your goal is to establish which preferred will provide you the best returns. If you are buying today, these tools will expedite and aid the selection process. Given all the data available here, an informed decision is within reach.
In a market with low volumes you can use this information to identify mispriced shares. Since all preferreds belong to the same issuer, the risk is the same for all of them.
CIBC Brief Overview
Visit the CIBC company website to see the preferred share prospectus, news and other information.
Sector: Financial services.
Core businesses and operations:
- Retail banking.
- Wealth management.
- Investment banking products and services.
- Personal and Commercial Banking.
- U.S. Commercial Banking and Wealth Management, and Capital Markets.
- International operations In Europe and Asia.
Canadian Imperial Bank of Commerce is one of the Big Five banks in Canada.
All CIBC preferreds are subject to Automatic Conversion to Common Stock. Here is a sample for the series 51 preferreds.
Upon the occurrence of a Trigger Event (as defined herein), each outstanding Series 51 Share and, if issued, each outstanding Series 52 Share will automatically and immediately be converted, on a full and permanent basis, without the consent of the holder thereof, into a number of fully-paid common shares of the Bank (“Common Shares�) equal to (Multiplier x Share Value) ÷ Conversion Price (as each are defined herein) (rounding down, if necessary, to the nearest whole number of Common Shares) (an “NVCC Automatic Conversion�). Investors should therefore carefully consider the disclosure with respect to the Bank, the Series 51 Shares, the Series 52 Shares, the Common Shares and the consequences of a Trigger Event and an NVCC Automatic Conversion included and incorporated by reference in this prospectus supplement dated May 27, 2019 (the “Prospectus Supplement�) and the accompanying short form base shelf prospectus of the Bank dated July 11, 2018 (the “Prospectus�).
The latest information and statistics on their common stock CM, can be easily accessed using websites like TMX Money.
Next Dividend Pay Date: 2025Jan28. Dividend Payment Schedule: 2025JAN28 , 2025APR28 , 2025JUL28 , 2025OCT28
Next Ex-Dividend Date: 2024Dec27. Ex Dividend Date Schedule: 2024MAR27 , 2024JUN27 , 2024SEP27 , 2024DEC27
CIBC Preferred share Credit Ratings
The latest preferred share credit ratings for CIBC are listed in the table below. For additional information on credit rating agencies and codes see our article Credit Rating Symbols.
| A.M. Best | FITCH | S&P | DBRS | S&P Global | Moody's | AA | P-2 (L) | PFD-2 | Baa3 |
|---|
CIBC Common Share Metrics
| Symbol: CM | Currency: CAD | Market Cap: $60,808,191,550 | Price: 89.55 | P/E: 12.97 | P/B: 1.43 | Dividend: $0.850 | Yield: 3.79% | Beta: 0.7600 |
CIBC Overall Preferred Share Metrics
I have reviewed the full set of CIBC preferreds. Based on my review the following data points may be of interest to current and potential investors in the securities of "CIBC". In other words, this is what I think is worth highlighting in this set of preferred shares. In addition it provides a quick overview of the detailed information presented furher down this page.
| # of Preferred issues: 3 | Lowest Current Yield: CM-Q @ 3.21% | Highest Current Yield: CM-S @ 5.88% | Average Current Yield: 4.34% | # of 5YR Reset issues: 3 | 5YR Reset Lowest Reset Yield: CM-P @ 5.30% | 5YR Reset Highest Reset Yield: CM-Q @ 5.91% | 5YR Reset Average Reset Yield: 5.55% | Lowest Rate Change Percent: CM-S @ 0.00% | Highest Rate Change Percent: CM-Q @ 2.00% | Average Rate Change Percent: 1.00% | Market Cap at Market Value: 1,040,040,000 | Market Cap at Face Value: 1,050,000,000 | Discount Amount: 9,960,000 | Discount Percent: 0.95% | Percent of Total Market Cap at Market Value: 1.97% | Percent of Total Market Cap at Face Value: 1.66% |
Rank CIBC Preferreds - Compare Tool.
If you need more information on how to use the metrics below, watch our video Introduction to Compare Tools or see our post how to pick the best preferred share of a company
NOTE: Dividend dates are not fixed. The dates shown here are estimated and most likely a few days off. Do not make trades based on these dates. Always check with the issuer for the correct dates.
The following metrics are now only available on the premium version of this tool:
- Reset Date.
- Reset (Yield | Dividend).
- Blended (Yield | Dividend). A (What If) scenario. It represents the blended yield and dividend for the current issue. It should only be used as a reference. It is not meant to show actual returns for Yield/Dividend. This metric has merit only when applied across all issues being considered.
- Rate Change Percent.
- Rate Change To Value.
- New Spread Change.
- New Spread Value. This reflects the effect or the current price on the issue spread of the preferred. It shows the effective new spread of the share due to its drop or rise of its share value
- Short Position.
- Additional Features.
- Years To Double Initial Investment.
- Outstanding float. This is the outstanding float for this preferred.
- Market Cap In Bilions.
- Common Stock P/E Ratio.
- Common Stock P/B Ratio.
- Common Stock Yield. Current yield of the common. Should be considered if preferred yield is lower.
| Symbol | Price | 52W High | 52W Low | Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price | Current (Yield Dividend) | Name |
|---|---|---|---|---|---|---|
| CM-Q CM.PR.Q CA1360693909 | $24.50 | $24.52 | $17.30 | 5YR + 2.79% | 03.21% $0.7858 | Canadian_Imperial_Bank_of_Commerce_3.60%,_Series_43_-_NVCC |
| CM-P CM.PR.P CA1360694246 | $24.70 | $24.75 | $16.55 | 5YR + 2.24% | 03.95% $0.9772 | Canadian_Imperial_Bank_of_Commerce_3.75%,_Series_41_-_NVCC |
| CM-S CM.PR.S CA1360708772 | $24.98 | $25.18 | $20.25 | 5YR + 2.45% | 05.88% $1.4695 | Canadian_Imperial_Bank_of_Commerce_4.50%,_Series_47_-_NVCC |
Here is a Limited Version of the Premium - Compare Tool.
A limited number of rows is included with the full metrics. This is a sample only. See link at footer for information on subscription to the premium version
| Symbol | Price | 52W High | 52W Low | Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price | Current (Yield Dividend) | Reset (Yield Dividend)yield and dividend for the current issue after the upcoming reset | Blended (Yield Dividend)follow link passed the end of the table to see definition | Yield To Call | Reset Date Y/M/D | Pay Div Date | Ex Div Date | Rate Change percent | Rate Change to value | New Spread value | Short Position | Additional Features | Converts To | Years To Double Initial Investment | Outstanding Float | Name |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CM-Q CM.PR.Q CA1360693909 | $24.50 | $24.52 | $17.30 | 5YR + 2.79% | 03.21% $0.7858 | 05.91% | $1.4475 | 05.50% $1.34 3@cy+17@ry | N/A | 2025-07-31 | 2025-01-28 | 2024-12-27 | 002% | 5.91% | 2.84% | 2,719 | Non-Cumulative NVCC ACTSWHC | 21.94 | 12,000,000 | Canadian_Imperial_Bank_of_Commerce_3.60%,_Series_43_-_NVCC | |
| CM-P CM.PR.P CA1360694246 | $24.70 | $24.75 | $16.55 | 5YR + 2.24% | 03.95% $0.9772 | 05.30% | $1.3100 | 05.23% $1.29 1@cy+19@ry | N/A | 2025-01-31 | 2025-01-28 | 2024-12-27 | 001% | 5.30% | 2.26% | 7,173 | Non-Cumulative NVCC ACTSWHC | 17.89 | 12,000,000 | Canadian_Imperial_Bank_of_Commerce_3.75%,_Series_41_-_NVCC |
Additional Information
Continue to Rank CIBC Preferreds page 2 of 3 where you can find
- What if “Yield Scenarios” for 5 year resets.
- Graph of all preferred share yields
- Prospectus Information