| 单词 | dividend |
| 释义 | dividend dividend1. The distribution of part of the earnings of a company to its shareholders. The dividend is normally expressed as an amount per share on the par value of the share. Thus a 15% dividend on a £1 share will pay 15p. However, investors are usually more interested in the dividend yield, i.e. the dividend expressed as a percentage of the share value; thus if the market value of these £1 shares is now £5, the dividend yield would be 1/5×15% = 3%. The size of the dividend payment is determined by the board of directors of a company, who must decide how much to pay out to shareholders and how much to retain in the business; these amounts may vary from year to year. In the UK it is usual for companies to pay a dividend every six months, the largest portion (the final dividend) being announced at the company’s AGM together with the annual financial results. A smaller interim dividend usually accompanies the interim statement of the company’s affairs, six months before the AGM. In the USA dividends are usually paid quarterly. See alsodividend cover; yield. Interest payments on gilt-edged securities are also sometimes called dividends although they are fixed. dividend cover The number of times a company’s dividends to ordinary shareholders could be paid out of its net profits after tax in the same period. For example, a net dividend of £400,000 paid by a company showing a net profit of £1M is said to be covered 2½ times. Dividend cover is a measure of the probability that dividend payments will be sustained (low cover might make it difficult to pay the same level of dividends in a bad year’s trading) and of a company’s commitment to investment and growth (high cover implies that the company retains its earnings for investment in the business). Negative dividend cover is unusual, and may be a sign that a company is in difficulties. In the USA, the dividend cover is expressed as the pay-out ratio, the total dividends paid as a percentage of the net profit. See alsoprice–dividend ratio. |
| 随便看 |
|
英汉经管词典收录了6519条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。