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-0.000373552484123945 -0.00065371684721697 -0.000747104968248023 0.000373552484124078 0.000373552484124078 0.000373552484124078 0.000373552484124078 0.000373552484124078
Stock impact report

Canadian Banc Corp. Monthly Dividend Declaration for Class A & Preferred Share [Financial Post (Toronto, Ontario, Canada)]

Canadian Imperial Bank of Commerce (CM) 
Last canadian imperial bank of commerce earnings: 2/26 05:53 am Check Earnings Report
Company Research Source: Financial Post
Distributions are payable June 10, 2022 to shareholders on record as at May 31, 2022. Under the distribution policy announced in November 2021, the monthly dividend payable on the Class A shares is determined by applying a 15% annualized rate on the volume weighted average market price (VWAP) of the Class A shares over the last 3 trading days of the preceding month. As a result, Class A shareholders of record on May 31, 2022 will receive a dividend of $0.18038 per share based on the VWAP of $14.43 payable on June 10, 2022. The yield will remain stable at 15.00% (based on the VWAP) under this distribution policy. Preferred shareholders will receive prime plus 1.50% with a minimum rate of 5.00%. Since inception Class A shareholders have received a total of $18.38 per share and Preferred shareholders have received a total of $8.91 per share inclusive of this distribution, for a combined total of $27.29. The Company invests in a portfolio of six publicly traded Canadian Banks as follo Show less Read more
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