CIBC is trading at $ 82.50 per share and offers a return of 7% at the time of writing. CIBC shares are down more than 9% this year and that’s pushed its dividend yield up.
Another $25,000 invested in CIBC stock would produce an additional $1,500 in cash flow, bringing your combined annual dividend income to $2,400 on these two investments totaling $50,000.Motley Fool Canada's market-beating team has just released a new FREE report that gives our three recommendations for the Next Gen Revolution.Not to alarm you, but you’re about to miss an important event.Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group.This is your chance to get in early on what could prove to be very special investment advice.Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada.I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls.
Current as of September 7, 2020.© 2020 The Motley Fool Canada, ULC.
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