Sometimes companies will announce that they are paying not a cash dividend, but they're paying a stock dividend.

有时公司会宣布,他们不发放现金股利,取而代之的是股票股利

耶鲁公开课 - 金融市场课程节选

Now the other thing is, there are other ways to get money out of a company without paying a dividend and one of them is stock repurchase.

另一件方面是,除了股利,还有其他收回投资的方法,比如股票回购

耶鲁公开课 - 金融市场课程节选

The whole essence of a stock dividend is that they're paying it to every shareholder in the same proportion, so every one hundred shares becomes one hundred and five shares; so you know that that has no meaning to me.

但股票股利的要义就在于,他们给每个股东相同的份额,所以每一百股都变成了一百零五股,这对我来说毫无意义

耶鲁公开课 - 金融市场课程节选