Canadian Imperial Bank Of Commerce: Stable And Safe With A 5% Yield

|
About: Canadian Imperial Bank of Commerce (CM)
by: Canadian Dividend Growth Investor
This article is exclusive for subscribers.
Summary

CIBC's 5% yield is safe.

Its dividend is supported by stable earnings and a sustainable payout ratio.

Other big Canadian banks offer greater earnings growth over the next few years. So, unless you only care about the income, you should consider the other banks first.

The Big Six Canadian banks will be reporting earnings November 26-December 5.

Canadian Imperial Bank of Commerce (CM, TSX:CM) generates stable earnings, which translates to a stable stock most of the time. Stable earnings coupled with a sustainable payout ratio makes CIBC's current yield of