TORONTO, May 25, 2017 /CNW/ - CIBC (TSX: CM;
NYSE: CM) announced today that its Board of Directors declared a
dividend of $1.27 per share on common
shares for the quarter ending July 31,
2017 payable on July 28,
2017.
As previously announced on May 4,
2017, in the event that the merger between CIBC and
PrivateBancorp, Inc. ("PrivateBancorp") is imminent but not
completed as of June 28, 2017, CIBC will adjust as necessary
the anticipated June 28, 2017 record date for this
dividend to allow PrivateBancorp's stockholders to participate in
it. The exact record date will be confirmed and communicated by
news release.
Class A Preferred Shares
The Board of Directors also declared the following dividends per
share:
For the quarter ending July 31,
2017 payable on July 28, 2017
to shareholders of record at the close of business on June 28, 2017:
Series 39 - $0.243750
Series 41 - $0.234375
Series 43 - $0.225000
About CIBC
CIBC is a leading Canadian-based global financial institution
with 11 million personal banking and business clients. Through our
three major business units – Retail and Business Banking, Wealth
Management and Capital Markets – CIBC offers a full range of
products and services through its comprehensive electronic banking
network, branches and offices across Canada with offices in the United States and around the world.
Ongoing news releases and more information about CIBC can be found
at www.cibc.com/ca/media-centre/ or by following on
Twitter @CIBC, Facebook (www.facebook.com/CIBC) and Instagram
@CIBCNow.
SOURCE CIBC - Investor Relations