And we present an explanation of the capital-structure choice, dividend policy and institution investor behavior from the respect of behavioral corporate finance.

并从管理层非理性的角度对我国上市公司的资本结构选择、股利行为和机构投资者行为提出了基于行为公司金融的解释。

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This can be a logical and wise choice, but it means the dividend yield may not be particularly high.

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But I consider Molson Coors a worthwhile choice for a long-term dividend-focused portfolio.

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That is, a temporary dip in earnings is unlikely to result in a change in the dividend, or cause management to make the difficult choice to payout earnings that should be allocated to growing the business, both of which would put downward pressure on the price of the stock.

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