The last thing, I just wanted to say-- I wanted to mention the theory of dividend payout given by John Lintner; it's called the Lintner Model of Dividends.

最后一点,我想讲,我想讲讲约翰·林特纳的分红理论,叫做林特纳股利模型

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One thing that Merton Miller distilled from it was that people on boards, who decide on dividend payout, are very focused on the price of a share and they're worried about investor reaction.

但莫顿·米勒总结出一点,决定是否分红的董事们,十分关注股价,他们很担心投资者们的反应

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Immediately after the payout dividend, the share-- the price of the share should go down, right?

在刚分红之后,股票,股价会下跌,是吗

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