股利

The dividend policy is to finance a modern company, one of the three core elements.

股利政策是现代公司理财的三大核心内容之一。

British index is higher than the yield on ten-year gilts, or government bonds.

这就是当富时全股指数（一个有广泛代表的英国的指数）的股利收益率比十年期国债的收益率要高时。

Golden Eagle Golden Eagle Fund recently issued a dividend worth more flexible allocation of funds have areas of concern.

金鹰金鹰基金最近增发更灵活的资金分配股利的关注的地方。

Chapter five is empirical research on relationship between herding behavior of managers and dividend clustering.

第五章是管理者羊群行为与股利"群聚"现象的实证分析。

At present, the performance of the grounds in the form of a few years ago to send a large proportion of the allotment, cash dividends in recent years has increased year by year.

当前，在形式上表现为由前几年的大比例送配股，到近年来现金股利的逐年增加。

Besides, the thesis also makes an incisive analysis of its influence.

本文着重分析了影响我国上市公司股利分配政策的内部因素。

In our opinion, the 1986 Act was the most important economic event affecting the insurance industry over the past decade. The 1987 Bill further reduced the intercorporate dividends-received credit from 80% to 70%, effective January 1, 1988, except for cases in which the taxpayer owns at least 20% of an investee.

就我们个人的看法，1986年的法案是近十多年来保险业界最重要的经济事件，1987年的新法案进一步将企业间股利可扣抵的比率由80%减为70%，除非被投资公司有超过20%的股权是由一般投资人所拥有。

Thus, should we own 10% of Corporation X with earnings of $10 million in 1980, we would report in our earnings (ignoring relatively minor taxes on intercorporate dividends) either $1 million if X declared the full $10 million in dividends;$500,000 if X paid out 50%, or $5 million, in dividends; or zero if X reinvested all earnings.

最后若是持股比例低于20%，则依照会计原则，投资公司仅能认列被投资公司实际发放的股利部份，至于保留而不发放的部份盈余则不予理会，也因此假若我们持有一家X 公司10%的股份，又假设X公司在1980 年共计赚了1，000万美金，若X公司将盈余全部发放，则我们可认列100万的利益，反之若X公司决定保留全部盈余不予发放，则我们连一毛钱都不能认列。

At last, this research analyzes deeply the reasons of invalidation and brings out the relevant countermeasures.

最后，深入分析了非对称信息股利政策失效的原因并提出了相应的解决对策。

Understand the effects of dividends received and investee income on the financial statements of the investor under the equity method.

了解在权益法下收到的股利与被投资方收入对投资方的财务报表的影响。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。