Solid dividend yields. Dividends have accounted for 42% of the total return of the market since 1926.
自1926以来,股利占市场总收益的42%。
Such low bond yields do give the equity bulls one more (fairly powerful) argument-that dividend yields look good by comparison.
如此之低的公债利率水平给了股市乐观者又一(相当有力的)论据,即相比而言,股息分红水平已经不错了。
Of course, dividend yields are normally high for a reason, the likeliest being that investors expect future dividends to be cut.
当然,股息回报率得高得有理,最可能的解释就是投资者预计未来会出现股息削减。
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