In addition, the exchange of debt for stock helps managers overcome the normal organizational resistance to retrenchment that the payout of free cash flow often requires.

此外，以股票交换债务有助于管理层对付一般性裁员所带来的有组织抵触触发的自由现金流支出。

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All this suggests that if Google chose to payout 50 percent of free cash flow it could afford shareholders more than a 3 percent yield.

FORBES: Google And Apple: Why I Own Them Both

That General Mills managed such robust dividend payouts without putting upward pressure on the dividend payout ratio (the percentage of profits the dividend represents) and the cash dividend payout ratio (the proportion of free cash flow that goes to dividend payouts) is good evidence that its dividend gravy train is in great shape.

FORBES: Connect