CIBC raises quarterly dividend 2.4% to C$0.85 from C$0.83

Yesterday, CIBC announced that its board of directors declared a dividend of C$0.85 per share on common shares for the quarter ending January 31, 2023, an increase of two cents from the previous quarter. This dividend is payable on January 27, 2023 to shareholders of record at the close of business on December 28, 2022.