E11-13 Selected financial information (in millions, except per-share information) is available for CIBC at October 31: 2015 2014 2013 Dividends declared and paid to common shareholders Dividends declared per common share $1,708 $ 1,523 1,567 $ 3.94 3.81 4.30 Income available to common shareholders (equals net income) 3,531 $3,131 $3,253 Common shareholders' equity $20,360 $17,588 $16,546 Market price per common share $ 88.70 $100.28 $102.89 Weighted average number of common shares 398 397 401 Instructions (a) Calculate the (1) payout, (2) dividend yield, (3) basic earnings per share, and (4) return on common shareholders' equity ratios for the common shareholders for and 2014 2015 (b) Using the information in part (a), comment on CIBC's dividend record and earnings performance over the two-year period