CM
Canadian retail banking
Preferred Shares
1
Credit Rating
-
Avg Yield
5.80%
Avg Price
$25.35
| Symbol | Issue Name | Type | Price | Yield | Par | Notes |
|---|---|---|---|---|---|---|
| CM.PR.S | Canadian Imperial Bank Of Commerce Non-Cumulative Rate Reset Class A Preferred Shares Series 47 (NVCC) | reset | $25.35 | 5.80% | $25.00 | 5YR + 2.45% | Series: Canadian_Imperial_Bank_of_Commerce_4.50%,_Series_47_-_NVCC |
CIBC (CM) has 1 preferred share series outstanding on the Toronto Stock Exchange — 1 five-year rate resets. The median trailing indicated yield across the cohort is 5.80%, with CM.PR.S the highest-yielding series at 5.80%. All figures are trailing values from this site's daily update pipeline, computed from declared dividends and the latest close.
The reset calendar is a practical lens on this issuer: 1 of the active series are five-year rate resets, and the next scheduled repricings are CM.PR.S on Jan 31, 2028. At each reset the dividend reprices to the 5-year Government of Canada benchmark plus the spread fixed in the series' terms, and holders may elect a floating-rate sibling where the terms provide one.
Canadian bank preferred shares are non-cumulative five-year rate resets, generally rated Pfd-2 (low) or better, and the cohort trades the deepest liquidity in the market. The structure of the sector means its coupons reprice together at each reset against the GoC-5y benchmark.
Compare every Canadian preferred share side by side in the screener, or browse peers in the sector guides. The structural background — par value, reset mechanics, and rating tiers — is covered in the preferred shares guide.