NEW YORK ( TheStreet) -- The ex-dividend date for Canadian Imperial Bank of Commerce (NYSE: CM) is Monday, September 26, 2011. Owners of shares as of market close today will be eligible for a dividend of 92 cents per share. At a price of $68.15 as of 9:30 a.m. ET, the dividend yield is 5%.

The average volume for Canadian Imperial Bank of has been 316,800 shares per day over the past 30 days. Canadian Imperial Bank of has a market cap of $29.2 billion and is part of the financial sector and banking industry. Shares are down 12.3% year to date as of the close of trading on Thursday.

Canadian Imperial Bank of Commerce provides various financial products, services, and advice to individual, small business, commercial, corporate, and institutional clients in Canada and internationally. The company has a P/E ratio of 10.6, below the average banking industry P/E ratio of 10.8 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Canadian Imperial Bank of as a hold. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share and revenue growth. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation. You can view the full Canadian Imperial Bank of Ratings Report.

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