不管你是否支付股利,你公司的运转都不会发生变化,如果不发放股利,那就意味着,以股票回购代替股利分配
You see, you can keep the operations the same whether or not you pay a dividend, if choosing not to pay a dividend means substituting stock repurchase for dividend.
我来讲讲这个，公司不愿意支付股利。
I'll talk about this — the company doesn't ever have to pay a dividend.
公司，董事会，会决定何时向股东支付股利，州法规定，股东利益均等。
Well, the company — the board of directors — decides if and when to pay dividends to the shareholders and then the law of the state would say that they must treat them all equally.
你过去习惯于通过挂号信取得支票,现在你登陆网站,就能看到股利自动分发到你的账户,公司支付了股利,帐户中的金额就会增加
You used to get checks in the mail; now you go on a website and you'll see that your dividends are credited to your account, but money is growing in your account as companies pay out dividends.
而且公司没有义务需支付股利，即便对那些传统上有支付股利的公司来说也是如此。
And there is no obligation to pay out dividends even for those firms that have traditionally given them.
我国上市公司的股利政策存在严重不分配现象，股利支付率偏低，缺乏连续性等问题。
There is phenomenon that the listed companies do not allocate the dividend on shares or the payout ratio is low in China.
个别股票没有任何保证的概念必须被强调。一些公司支付股利，但很多公司并没有。
It must be emphasized that there are no guarantees when it comes to individual stocks. Some companies pay out dividends, but many others do not.
股利是公司基于利润的分配而支付给资产股东的价款。
Dividends are payments by the corporation to equity shareholders based on an apportionment of earnings.
因此，当前关键已不在于提高股利支付水平，而是如何提高公司的盈利水平。
Therefore, it is much more crucial to boost the profitability than to enhance the dividend payout level of companies.
传统股利分配代理理论是基于“两权分离”公司治理结构，认为股利支付可以降低管理者与股东之间的代理问题。
Based on "the two powers separate" governance structure, the traditional dividend agency theory thinks that dividend can debase agency cost between manager and shareholder.
成为股东的重要性是你被赋予公司一部分盈余和资产请求权。利润有时候是以股利的形式支付。
The importance of being a shareholder is that you are entitled to a portion of the company's profits and have a claim on assets. Profits are sometimes paid out in the form of dividends.
除了支付赎回价格，回购优先股的公司还必须支付拖欠股利。
In addition to paying the call price, a corporation which redeems its preferred stock must pay any dividends in arrears.
本文从媒体关注视角研究了中国上市公司的现金股利支付行为。
From the perspective of media attention, this paper studies the cash dividend payment behavior of Chinese listed companies.
上市公司通过选择最优股利支付，向市场传递有关公司现在状态和未来前景的信息，来达到内部管理层和外部投资者的信息均衡。
The public company conveys information about its condition and prospect to the market by selecting the best dividend payment in order to balance the information of managers and investors.
利用STEPW ISE回归分析，对2001—2003年我国1 885家上市公司现金股利支付水平的影响因素进行了动态检验。
The influencing factors of the cash dividends level of(1 885) China Listed Companies from 2001 to 2003 were tested dynamically by use of STEPWISE regression analysis.
一家公司可以有负值的自由现金流，但是可以发行新股并且仍然支付股利。
A company could have negative free cash flow but sell new shares and still pay a dividend.
确定股利支付形式是股份有限公司在制定股利政策时的一项重要工作。
To determine mode for divident payment is an important task for joint-stock companies limited in making divident policy.
结论发现：中国进行派现的上市公司比例高于美国，而股利支付率也高于国际市场的平均水平。
The conclusion shows that either the proportion of payer of Chinese listed companies is higher than that of U. S., or the payout ratio is also higher than the average level of global market.
向具有这家支付股利的丹麦公司不到20%股份的一家丹麦有限公司已付股利收取的股利预扣税率是19.8%。
The dividend withholding tax rate is 19.8% for dividends paid to a Danish limited company owning less than 20% of the share capital in the dividend paying Danish company.
本文认为，我国上市公司股利不分配股利的公司居多，且分配股利的以股票股利为主，现金股利的支付水平极低。
The author thinks that most of Chinese listed companies do not allocate dividend incomes and mainly allocate stock but not cash dividend income if some companies do.
清算股利一般只在公司停止经营或永久性压缩其经营规模时才支付。
Liquidating dividends usually are paid only when a corporation is going out of existence or is making a permanent reduction in the size of its operations.
当股票在股利支付日之间购入时，公司不单独计算股利。
When stocks are purchased between dividend dates, there is no separate charge of the dividend.
本文从股利政策稳定性的角度出发，对我国上市公司股利支付数量和支付形式进行研究。
Based on stability in dividend policy, this paper studies on the quantity and form of dividend.
股东价值：指公司为股东创造的价值，包括股价增值、股利派发以及其他支付形式。
Shareholder value: the value that a company generates for its shareholders, in terms of share price appreciation, dividend payments and other possible payouts.
股利政策是指公司税后利润在向股东支付股利与企业内部留存收益之间的分配选择。
Dividend policy is that the after-tax profits as a dividend distributed to shareholders or as retained earnings retained in the enterprise.
本文从中国上市公司发放现金股利的实际情况入手，对股利支付与盈余质量的相关关系进行研究。
This paper started with actual situation of cash dividends of Chinese listed companies, and then researched the relations between dividends distribution and the earnings' quality of these companies.
本文从中国上市公司发放现金股利的实际情况入手，对股利支付与盈余质量的相关关系进行研究。
This paper started with actual situation of cash dividends of Chinese listed companies, and then researched the relations between dividends distribution and the earnings' quality of these companies.
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