论股息收益率指标在我国证券市场中的运用

统计研究 ›› 2008, Vol. 25 ›› Issue (3): 86-89.

论股息收益率指标在我国证券市场中的运用

陈游

湖州职业技术学院

收稿日期:1900-01-01 修回日期:1900-01-01 出版日期:2008-03-15 发布日期:2008-03-15

The Application of Dividend Yield in Chinese Security Market

Chen You

Received:1900-01-01 Revised:1900-01-01 Online:2008-03-15 Published:2008-03-15

摘要/Abstract

摘要： 从目前的现状看，我国上市公司与成熟资本市场相比存在现金分红普遍偏低的问题，运用股息收益率指标分析股票内在投资价值的策略在我国证券市场上还不是很广泛，这使市场的投机行为不能得到很好的控制。本文分析了股息收益率指标的优点，提出建立股息收益率为核心的股价评估体系，从而树立理性价值投资理念的可行性。

关键词: 股息收益率, 内在投资价值, 证券市场, 资本利得

Abstract: Presently，Chinese listed companies pays out less cash dividend compared with those in the developed capital market. Therefore the application of dividend yield strategy to analyze the internal value of stocks isn’t popular in Chinese security market and the arbitrage activities could not be under well control. This paper analyses the merits of dividend yield and suggests to establish a new stock prices evaluation system based on dividend yield，which will lead to establish rational value investment opinions.

Key words: Dividend yield, Internal value, Security market, Capital earnings

陈游. 论股息收益率指标在我国证券市场中的运用[J]. 统计研究, 2008, 25(3): 86-89.

Chen You. The Application of Dividend Yield in Chinese Security Market[J]. Statistical Research, 2008, 25(3): 86-89.

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