So what do current dividend levels tell us?
那么当前的分红水平说明什么?
The current dividend yield for the S&P 500 index is indicatively at 1.72%.
标准普尔500目前的股息收益率是1.72%。
Those returns have three components: the current level of dividend yield, real dividend growth and changes in valuation (moves in dividend-price ratios).
这些收益有三部分组成,当前股息生息率,实际股息增长和估价的变化(以股息股价比的方式变化)。
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