如果，出于某种原因，企业无法利用现金，投资者将通过分红或股票回购来换回现金。

If, for some reason, they should fail to put their cash mountains to work, investors will demand the cash back through dividends and share buybacks.

youdao

你希望能得到更多的钱，或者通过分红、或资本增值或它们的组合或者其他。

You hope you would get more money back later somehow. Either through dividends or capital appreciation, or a combination or whatever.

youdao

通过分红，奖金，和有竞争力的薪酬的方式专注于让他的员工开心，他在他们的工作中灌注一种自豪感。

By focusing on making his employees happy through profit sharing, bonuses and competitive pay, he instills a sense of pride in their work.

youdao

As you can see, part of the reason why the dividend-earnings ratio-- especially in more recent years, since 1990-- has been declining is that corporations were trying to somewhat ease the tax burden on their shareholders by doing repurchase instead of dividend.

可以看出,股利收益比降低的部分原因,尤其是在近些年,从1990年起,有所降低的原因是,公司想通过将分红,改为股票回购的方法,多少减轻股东的税负

耶鲁公开课 - 金融市场课程节选