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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TheStreet Ratings rates Canadian Imperial Bank of as hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and solid stock price performance. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full Canadian Imperial Bank of Ratings Report.

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