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

Instructions
(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 2015 and 2014.
(b) Using the information in part E11.13(a), comment on CIBC's dividend record and earnings performance over the two-year period.

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2015 20142013 Dividends declared and paid to common shareholders Dividends declared per common share Income available to common shareholders (equals net$ income) Common shareholders' equity Market price per common share $1,708 1,567 1,523 $4.30 3.94 3.81 3,253 3.531 3,131 $20,360 $17,588 $16,546 100.28 102.8988.70 397 398 401 Weighted average number of common shares