This is the smallest of the big five Canadian banks but also the highest yield among the group.
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I continue to like the big six Canadian banks. They are financially healthy and will not suffer any of the serious financial challenges that we have been witnessing in the smaller and regional US banks. In fact we may see some expansion opportunities as depositors move away from smaller banks for the security of larger institutions. As for CIBC, it is the second highest yielding bank among the big six. The current yield is 5.9%, and the company has been raising its dividend on a regular basis. This should be a quality long-term hold for income-oriented investors. - Richard Croft
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