Dividend Yield: 5.1%

Canadian Imperial Bank of Commerce's dividend payments are covered by earnings with a payout ratio of 53.9%, and they are forecast to remain sustainable at 51.1% in three years. The bank's dividends have been stable and growing over the past decade, though its current yield of 5.07% is below the top Canadian dividend payers. Recent fixed-income offerings, including $1.35 billion in senior unsecured notes, highlight its active capital management strategy.

• Click here and access our complete dividend analysis report to understand the dynamics of Canadian Imperial Bank of Commerce.

• Our expertly prepared valuation report Canadian Imperial Bank of Commerce implies its share price may be lower than expected.

Hemisphere Energy

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Hemisphere Energy Corporation acquires, explores, develops, and produces petroleum and natural gas interests in Canada with a market cap of CA$173.13 million.

Operations: Hemisphere Energy Corporation's revenue from petroleum and natural gas interests amounts to CA$69.30 million.

Dividend Yield: 7.3%

Hemisphere Energy's dividend payments, covered by earnings (40% payout ratio) and cash flows (76% cash payout ratio), have grown but are relatively new, with only two years of history. The company recently announced a special dividend of C$0.03 per share in addition to its regular quarterly dividend. Despite stable recent dividends, future earnings are forecast to decline by 7.2% annually over the next three years, raising concerns about long-term sustainability.

• Click to explore a detailed breakdown of our findings in Hemisphere Energy's dividend report.

• Insights from our recent valuation report point to the potential undervaluation of Hemisphere Energy shares in the market.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TSX:BMO TSX:CM and TSXV:HME.

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