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.
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.
理由1过去的75年间美国股票的价格超过了股利的支付额。
Reason 1 Over the past 75 years stock prices in the United States have outpaced dividend payments.
所以某种意义上，对股东来说是一样的，不管是支付股利还是回购股票。
So in a sense, it's all the same to me as a shareholder whether they pay dividends or they repurchase shares.
对成长型股票建立了两阶段ebo价值评估模型，利用动态规划法求解最优股利支付路径及股票价值。
In this paper, we built a two period EBO valuation model, by which a dynamic programming was used for solving the optimized dividend payout path and stock value.
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.
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.
传统的股利折现模型在对股票定价的过程中，不能精确地确定投资者的预期收益率和未来支付的现金股利，因此存在着一定的缺陷与不足。
As the traditional stock pricing method, dividend discount model is defective in that it cannot precisely determine the expected rate of return of investors and future payment of cash dividend.
新的提议包括43.6美元的现金，加上0.6366的赫兹普通股票和支付美元节俭的每股6.87美元，支付美元节俭的为特别现金股利在交易结束之前。
The new offer includes $43.60 in cash plus 0.6366 of a share of Hertz common stock and $6.87 per share to be paid by Dollar Thrifty as a special cash dividend before the deal closes.
新的提议包括43.6美元的现金，加上0.6366的赫兹普通股票和支付美元节俭的每股6.87美元，支付美元节俭的为特别现金股利在交易结束之前。
The new offer includes $43.60 in cash plus 0.6366 of a share of Hertz common stock and $6.87 per share to be paid by Dollar Thrifty as a special cash dividend before the deal closes.
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