Dividend Challengers List Ranked By Yield: Top 10

In this article, we discuss top 10 dividend challengers by yield. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read Dividend Challengers List Ranked By Yield: Top 25. 

10. Canadian Imperial Bank of Commerce (NYSE:CM)

Dividend Yield as of February 3: 5.47%

Canadian Imperial Bank of Commerce (NYSE:CM) is a Canadian financial services company that provides a wide range of related services to its consumers. On December 1, the company declared a 2.4% hike in its quarterly dividend to C$0.85 per share. The company has been raising its dividends consistently for the past 12 years. The stock’s dividend yield on February 3 came in at 5.47%.

In December, National Bank maintained its Sector Perform rating on Canadian Imperial Bank of Commerce (NYSE:CM) with a C$61 price target.

At the end of Q3 2022, 12 hedge funds tracked by Insider Monkey owned stakes in Canadian Imperial Bank of Commerce (NYSE:CM), compared with 16 in the previous quarter. These stakes have a collective value of $134.5 million. Israel Englander and D. E. Shaw were some of the company’s most prominent shareholders in Q3.