股息率

波音公司（boeingco.）目前的股价在40美元左右，是近5年来的最低水平；市盈率为8倍，股息率高于4%。

Boeing ( BA ) is at its lowest share price ( about $ 40 ) in nearly five years . Its P / E is 8 , its yield is more than 4 % .

股价上扬，或是7%的丰厚股息率，最终会被证明是难以抵挡的诱惑。

That , or a juicy 7 per cent dividend yield finally proved too tempting .

在英国，富时全类股指数（ftseallshare）的股息率自从去年9月以来一直高于10年期美国国债收益率，目前高出近两个百分点。

In the UK , the dividend yield on the FTSE all-share has been above that of 10-year gilts since September last year and is nearly 2 percentage points higher .

投资者不可以把这个百分比与股息率混淆。

One should not confuse the percentage stated as dividend yield .

股息率为购买股票提供了理由。

Dividend yields offer a case for buying stocks .

股息率是一年的总股息除以股价。

It is defined as dividend received in a year divided by the share price .

它可以向股东返还更多：目前2%的股息率不算太慷慨。

It could return more to shareholders : a 2 per cent dividend yield is not too generous .

区域综合信息股（信息股）股息率是一年的总股息除以股价。

Regional Integrated Information Unit It is defined as dividend received in a year divided by the share price .

经过市值加权，目前中国A股平均股息率为3.3%。

Weighted by market capitalisation , the average dividend yield for domestic Chinese shares is now 3.3 per cent .

若是股价不变，那么，投资回报率只等于股息率。

If the share price does not change , then the investment return is equal to the dividend yield .

投资股票的回报可分为两部分资本增值和股息率。

The returns obtained from investing in a share can be broken down into two components-capital gain and dividend yield .

最后，股价可能跌到资本损失完全盖过股息率。

In the end , the share price could fall so much that the capital loss wipes out all the dividend yield .

计算股息率时，一年的总股息包括了中期和年终股息。

When calculating the dividend yield , one should add both the interim and final dividends to arrive at the annual dividend .

所以，购买高股息率股票的风险就是资本损失，也就是股价下跌。

The risk of buying a share that offers a high dividend yield is therefore capital loss , i.e.the share price falls .

先从股息率（也称周息率）说起。股息率是一年的总股息除以股价。

We will start with the dividend yield , which is defined as dividend received in a year divided by the share price .

许多投资书都建议退休人士或仰赖固定收益的人购买高股息率的股票。

Most investment books recommend stocks with a high dividend yield for investors who are retired or need a steady stream of income .

这包括许多发达国家的大盘优质股，其中一些股票的股息率远高于相应国家的国债收益率。

This includes many high-quality , larger developed-world stocks , a number of which have dividend yields well above the relevant government bond yield .

另外一些人依然追捧外币债券，或年度股息率达到6%或更高的投资海外的共同基金。

Others still went for foreign-currency-denominated bonds ( uridashis ) or foreign-invested mutual funds yielding an annual dividend of 6 per cent or more .

不过，高派息率并不表示公司的股息率是高的，因为其股价也可能挺高的。

However , a high payout ratio does not necessarily lead to a high divi-dend yield because the share price could be high too .

如果纯为了收益投资股票，那么，所得的股息率必须高于存款利息。

If one only invests for yield , the dividend yield will have to be higher than deposit interest rates in order to be attractive .

但预期实际股本回报率（通过股息率和预期股息增长率估算得出）的下降幅度不如实际利率（见图表）。

But the expected real return on equity ( estimated from the dividend yield plus the expected growth of dividends ) has not fallen by as much ( see charts ) .

瑞穗表示将会发行以日元计价的优先股，筹措一级资本。但该银行拒绝证实计划募资额和股息率。

Mizuho said it would issue yen-denominated preferred securities to raise its tier-one capital , but declined to confirm how much it planned to raise or what the dividend rate would be .

里昂证券的分析师称，关注股息率的策略在中国市场上应该不会取得成功。在中国，虽然派息也有所增多，但自2005年以来投资者仍然更偏重成长性回报。

According to CLSA analysts , a dividend yield strategy would not have worked in China , where , despite an increase in dividend pay-outs , investors since 2005 have remained biased towards growth-driven returns .

利息率、债息率、股息率是货币、债券、股票等非人力资本的，不同形态的价值资本的，市场收益率的具体表现形式。

Interest rates , bond interest rates and stock divident rates are the specific forms of manifestations of the non human capitals , such as money , issues and shares , etc , the different value capitals and the market benefit rates .

接着检验了持有成本理论下无风险利率和股息率这两个变量与合约间价差波动的关系。

Then based on the theory of cost of carry model , we tested the relationship between risk-free interest rate and dividend yield , and outcome show that , cost of carry model can explain thirty five percent of spread between recent month contract and next month contract .

“很不巧的是，这些企业的股票最开始的估值倍数往往相对较高，因此，关注价值通常是一种更好的策略，”比如通过股息率或市净率来评判企业，这位分析师表示。

" Unfortunately quite often those companies end up quite early in their lives trading on relatively high valuation multiples , so it tends to be a better strategy to focus on value , " such as judging companies by their dividend yields or price-to-book ratio , he says .

据摩根士丹利（MorganStanley）估计，2011年欧洲股市的股息收益率为3.8%，而债券收益率为3.4%。

European stocks offer a2011 dividend yield of3.8 % versus a bond yield of3.4 % , Morgan Stanley notes ;

标准普尔500的股息收益率是什么？

What is the dividend yield for the S & P500 index ?

它们的股息收益率接近4%。

They yield nearly 4 per cent .

那些怀疑明年前景的人，应该从处于历史高位的股息收益率中获得安慰。

Those doubting next year 's prospects should take comfort in a historically high dividend yield .