real dividend yield的意思|示意

Those returns have three components: the current level of dividend yield, real dividend growth and changes in valuation (moves in dividend-price ratios).

这些收益有三部分组成，当前股息生息率，实际股息增长和估价的变化(以股息股价比的方式变化)。

So if the dividend yield were to rise closer to the historic average, real returns for investors would be sent even lower.

因此如果获利率上升到更接近历史平均值，投资者的实质回报可能会降到更低。

Adding that figure to the starting dividend yield gives a real return of around 3.5%, well below the historic average.

这个数字加上起始股息收益率，得到的股票长期实质回报率在3.5%左右，仍远低于历史平均值。

GUOTAI JUNAN SECURITIES believes that since August, A-share wheeled move mainly concentrated in real estate, commerce, banking and other plates with underestimated value and high dividend yield.

国泰君安认为，进入8月以来，A股轮动主要集中在房地产、商贸、银行等低估值、高股息板块。