EX-99.1 2 d847539dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

LOGO   Financial News

 

 

 

CIBC Increases Dividends for the Quarter Ending April 30, 2020

Toronto, ON – February 26, 2020 – CIBC (TSX: CM; NYSE: CM) announced today that its Board of Directors declared a dividend of $1.46 per share on common shares for the quarter ending April 30, 2020, an increase of two cents from the previous quarter. This dividend is payable on April 28, 2020 to shareholders of record at the close of business on March 27, 2020.

Class A Preferred Shares

The Board of Directors also declared the following dividends per share:

For the period ending April 30, 2020 payable on April 28, 2020 to shareholders of record at the close of business on March 27, 2020;

Series 39 - $0.232063

Series 41 - $0.244313

Series 43 - $0.225000

Series 45 - $0.275000

Series 47 - $0.281250

Series 49 - $0.325000

Series 51 - $0.321875

About CIBC

CIBC is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients. Across Personal and Small Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at https://www.cibc.com/en/about-cibc/media-centre.html.

For further information:

 

Investor Relations:         

Alice Dunning

   416-861-8870    alice.dunning@cibc.com   

Jason Patchett

   416-980-8691    jason.patchett@cibc.com   
Investor & Financial Communications      

Erica Belling

   416-594-7251    erica.belling@cibc.com