分红率指在一个考察期（通常为12个月的时间）内，股票的每股分红除以考察期内公司净利润的百分比。
同时，股票的股息分红率高于8 %。
On the other hand, however, the stock's dividend yield is better than 8%.
所以，如果分红率足够低，一个“不走的钟表”也能看起来像一个成长股。
Thus, even a "stopped clock" can look like a growth stock if the dividend payout ratio is low.
随着分红率为90 %以上，在过去3年，并没有庞大的张裕购买计划，也没有多少资本支出，张裕要分发红利。
With the dividend rate was above 90% in the past 3 years, and Changyu have no huge purchase programs and no much capital expenditures, Changyu would like to distribute dividend.
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