An investment-grade-rated bank with an entrenched industry position offering a 5.5% dividend yield should sound fascinating to long-term dividend investors. However, many of Canadian Imperial Bank of Commerce's (NYSE: CM) peers have lower yields, which should make investors question why CIBC, as it is more commonly known, is being treated differently by Wall Street. Here are some key reasons.

There's a lot to like about CIBC beyond its fat dividend yield. For example, it is one of a small handful of large banks in Canada benefiting from, basically, a regulator-protected oligopoly.

Image source: Getty Images.

Continue reading

Source Fool.com