When forecasting a future dividend, he should take note that the special dividend is unlikely to occur again. 当要预测未来的股息,他得注意特别股息将难以重复。
Some investors might have preferred a special dividend. 有些投资者可能更喜欢特别股息。
In this situation, the company will declare a special dividend on top of the usual one. 在这样的情况下,公司会宣布往常的股息再加上特别股息。
Sometimes it seems Microsoft just cannot win: when it paid out a$ 32bn special dividend in 2004, the stock price shrugged. 有时候,微软似乎就是没办法取胜:当它在2004年特别派息320亿美元时,股价几乎毫无反应。
The findings suggest that under the special background, the cash dividend policy of the absolute controlling shareholders is not necessary to protect the minority shareholders. 本文的研究结果表明,在中国特定的背景下,拥有绝对控股地位的控股股东分配现金股利不一定是保护中小投资者利益的反映,反而是代理问题没有得到解决的产物。
This is rooted in the special way the government access dividend to state-owned banks. 这根植于政府获取国有银行红利的特殊方式。
Due to this special ownership structure, the dividend distribution in public company of our country is different with other countries, which is Chinese characterized. The dividend policy is lack of stability and continuity, which becomes the tool for majority share holder benefiting. 由于我国上市公司具有这种特殊的股权结构,导致我国上市公司股利分配政策也不同于别国,具有中国特色,股利政策严重缺乏稳定性和连续性,它成为控股股东牟取私利的一种手段。
On the basis of its special ownership structure, it is meaningful to study the dividend policy of listed company in energy industry. 在这样特殊的股权结构背景下,研究能源行业上市公司的现金股利分配情况就有了较强的行业针对性。
In China, due to the special ownership structure and the main shareholders, accordingly there are different agency problem and dividend policy with the West. 在我国,由于存在着特殊的股权结构和股东主体,也相应存在着不同与西方的代理问题和股利政策。
And the characterization that the more shares the actual controlling shareholder holds, the higher dividend payout ratio in fact reflects a special cash dividend preference when the actual controlling shareholder is government, and at least this preference is different with the private controlling shareholders 'preference. 对于持股较多的控股股东所对应的较高的股利支付比率这一特征,实际上反映了政府作为实际控制人时对现金股利的一种特殊偏好,这一偏好至少与私人控股股东不同。
However, due to the special situation of China, the dividend policy of the listed companies exists very serious problems, which is showing some unreasonable characteristics. 然而,由于我国的特殊国情,使得上市公司的股利政策存在着很大的问题,表现出一些非理性的特点。
Due to the special in equity structure, Chinese state-owned listed companies have theirs own particularity in cost of capital and dividend policy. 我国国有上市公司,由于股权结构上的特殊性,其资本成本和股利政策上更具特殊性。