In a particular year, a company might achieve a very high profit that is unlikely to be repeated,but it wishes to reward shareholders with a higher di-vidend without building up expectation that the high dividend will be repeated.

 
  • 某一年,公司的盈利可能達到非常高的水平,但是來(lái)年卻難再創(chuàng )同樣的佳績(jì)。公司希望以更高的股息回 報股東,可是又不希望股東期待下一次的股息同樣高。
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