Question: Selected financial information (in millions, except per-share information) is available for CIBC at October 31: 2018 2017 2015 Dividends declared and paid to common shareholders

Selected financial information (in millions, except per-share information) is available for CIBC at October 31:

2018 2017 2015
Dividends declared and paid to common shareholders $2,356 $2,121 $1,879
Dividends declared per common share $5.32 $5.08 $4.75
Dividends declared and paid to preferred shareholders $89 $52 $38
Net income $5,267 $4,699 $4,275
Common shareholders equity $32,866 $29,440 $22,673
Market price per common share $113.68 $113.56 $100.50
Weighted average number of common shares 443 413 395

(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 2018 and 2017. (Round basic earnings per share to 2 decimal places, e.g. 5.24. Round payout ratio, dividend yield and return on common shareholders' equity to 1 decimal place. e.g. 5.2%.)

2018 2017
(1) Payout ratio enter percentages rounded to 1 decimal place % enter percentages rounded to 1 decimal place %
(2) Dividend yield enter percentages rounded to 1 decimal place % enter percentages rounded to 1 decimal place %
(3) Basic earnings per share $enter a dollar amount rounded to 2 decimal places $enter a dollar amount rounded to 2 decimal places
(4) Return on common shareholders' equity enter percentages rounded to 1 decimal place % enter percentages rounded to 1 decimal place

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!