The Japanese equity market (Nikkei 225) closed up 2.4% for May. Key drivers were indications of sustained us economic growth and higher dividends without higher inflation.

日股(日经225指数)在5月份报升2.4%，主要由于有迹象显示美国的经济持续增长，以及企业增发股息，但并无触发通胀上升。

youdao

It was--Modigliani and Miller said back then-- this was thirty or forty years ago-- that companies should really not pay dividends because dividends were then taxed at a higher rate than capital gains.

莫迪利阿尼和米勒说在那时候,大概30或40年前,公司不应分配股利,因为对股利征税的税率比对资本收益高

耶鲁公开课 - 金融市场课程节选

What of the banks the Fed says have insufficient capital to pay higher dividends?

FORBES: An Overleveraged Fed Punishes Better-Capitalized Banks

Investors often gravitate to REITs during tough times because they typically pay higher dividends than other companies.

WSJ: REIT Returns Up but Trail Broader Market

At the same time, these banks will probably begin to return capital more aggressively through share repurchases and higher dividends.

FORBES: Bullish On Citi As Retail Investors Abandon Ship