Upcoming Dividend Run For CM?

Core Viewpoint - The article discusses the concept of a "Dividend Run" and highlights the upcoming dividend for Canadian Imperial Bank Of Commerce (CIBC), emphasizing the potential for stock price appreciation prior to the ex-dividend date [1][4]. Dividend Run Concept - A "Dividend Run" refers to the expected increase in a stock's price leading up to its ex-dividend date, as investors anticipate receiving the dividend [4][5]. - The ex-dividend date is the cutoff for buyers to be eligible for the upcoming dividend, and typically, the stock price drops by the dividend amount on this date [2][3]. Historical Performance - CIBC's stock price increased by 1.32 from 60.92 to 62.24 in the two weeks leading up to the last dividend of 0.668, demonstrating the potential for capital gains associated with the Dividend Run strategy [6][7]. - Over the last four dividends, this strategy yielded a total capital gain of +7.78, exceeding the total dividends paid of 2.67 [7]. Upcoming Dividend Details - CIBC's next dividend is set at 0.97 per share, with the ex-dividend date on December 27, 2024, and a payment date of January 28, 2025 [8]. - The implied annualized yield for CIBC is noted to be 5.76%, making it an attractive option for dividend-focused investors [8].