CM - Canadian Imperial Bank: Buy This Quality Dividend At The Right Price
2024-04-07 09:15:00 ET
Summary
- Canadian Imperial Bank of Commerce has rebounded from previous challenges and is showing solid growth.
- It's demonstrating top-line growth and has plenty of greenfield opportunities to ramp up its wealth management arm.
- CIBC has a strong balance sheet and attractive and well-covered dividend. I also discuss risks and the valuation at which I'd be interested.
Canadian banks remain a great way for dividend investors to diversify their portfolio holdings, given their long sustained track records of uninterrupted shareholder returns. This compares favorably to many U.S. banks which had to cut or suspend their dividends during prior recessions such as the ones in 2008 and 2020....
Canadian Imperial Bank: Buy This Quality Dividend At The Right Price