NEW YORK ( TheStreet) -- The ex-dividend date for Canadian Imperial Bank of Commerce (NYSE: CM) is tomorrow, March 24, 2011. Owners of shares as of market close today will be eligible for a dividend of 88 cents per share. At a price of $86.40 as of 10:36 a.m. ET, the dividend yield is 4.1%. The average volume for Canadian Imperial Bank of has been 249,300 shares per day over the past 30 days. Canadian Imperial Bank of has a market cap of $33.6 billion and is part of the financial sector and banking industry. Shares are up 9.8% year to date as of the close of trading on Tuesday. Canadian Imperial Bank of Commerce, together with its subsidiaries, provides a range of financial products and services to individual, small business, commercial, corporate, and institutional customers primarily in Canada. The company has a P/E ratio of 13.7, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 16.1.
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