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 |
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