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Ex-Dividend Reminder: Canadian Imperial Bank Of Commerce, TPG RE Finance Trust and ProAssurance

Looking at the universe of stocks we cover at Dividend Channel, on 9/26/19, Canadian Imperial Bank Of Commerce (Toronto, Ontario) (Symbol: CM), TPG RE Finance Trust Inc (Symbol: TRTX), and ProAssurance Corp (Symbol: PRA) will all trade ex-dividend for their respective upcoming dividends. Canadian Imperial Bank Of Commerce (Toronto, Ontario) will pay its quarterly dividend of $1.44 on 10/28/19, TPG RE Finance Trust Inc will pay its quarterly dividend of $0.43 on 10/25/19, and ProAssurance Corp will pay its quarterly dividend of $0.31 on 10/11/19. As a percentage of CM's recent stock price of $83.55, this dividend works out to approximately 1.72%, so look for shares of Canadian Imperial Bank Of Commerce (Toronto, Ontario) to trade 1.72% lower — all else being equal — when CM shares open for trading on 9/26/19. Similarly, investors should look for TRTX to open 2.10% lower in price and for PRA to open 0.77% lower, all else being equal.

Below are dividend history charts for CM, TRTX, and PRA, showing historical dividends prior to the most recent ones declared.

Canadian Imperial Bank Of Commerce (Toronto, Ontario) (Symbol: CM):

CM+Dividend+History+Chart

TPG RE Finance Trust Inc (Symbol: TRTX):

TRTX+Dividend+History+Chart

ProAssurance Corp (Symbol: PRA):

PRA+Dividend+History+Chart

In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 6.89% for Canadian Imperial Bank Of Commerce (Toronto, Ontario), 8.40% for TPG RE Finance Trust Inc, and 3.06% for ProAssurance Corp.

In Tuesday trading, Canadian Imperial Bank Of Commerce (Toronto, Ontario) shares are currently up about 0.1%, TPG RE Finance Trust Inc shares are up about 0.5%, and ProAssurance Corp shares are up about 0.4% on the day.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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