So, that's the basic insight in Modigliani and Miller, that share repurchase and dividend are really interchangeable; it's just all a conceptual difference.

这即是莫迪利阿尼和米勒命题的内涵,股票回购和分红彼此是可替代的,只是概念上有所不同

耶鲁公开课 - 金融市场课程节选

Well, the company is still paying out money in the same amount total, but it's coming out in a different form; it's coming as a share repurchase.

公司仍将支出相同的总额,但却是以不同的形式,以股票回购的形式

耶鲁公开课 - 金融市场课程节选

The other thing that a company can do to get money out is share repurchase-- stock repurchase or share repurchase It's perfectly--this sometimes surprises people when they first think about it.

另外一个可以让公司,收回投资的方法是股票回购,股票回购或者股份回购,最初看到这一方法时,人们可能会十分惊讶

耶鲁公开课 - 金融市场课程节选

Analysts say CEO RobertNardelliRobert Nardelli, who has taken aim at the share price this year by hiking the annual dividend 50% and by accelerating the company's share repurchase program, has two big motivations to get the stock up.

FORBES: Magazine Article

Analysts say CEO Robert Nardelli , who has taken aim at the share price this year by hiking the annual dividend 50% and by accelerating the company's share repurchase program, has two big motivations to get the stock up.

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