it's not going to work to pay a stock dividend.

发行股票股利无法达成目的
So, the more enlightened view is,

所以更有说服力的观点是
corporations only pay a stock dividend

公司发放股票股利的唯一原因是
when they have some good news to announce.

他们有利好消息要公布了
Typically, they'll write a letter saying,

一般来说他们会写封信说
congratulations we have great news! We have some new breakthrough

恭喜有好消息了业绩有所突破
and in celebration of this we're going to

为表示庆祝我们将
pay everyone a 5% stock dividend.

给每人增发5%的股票股利
Now, they are hoping that the price doesn't fall

他们希望股价不会下跌
because they're announcing it with news and,in a sense,

因为他们是带着利好宣布的
issuing the stock dividend is just a way to make it dramatic.

换言之发行股票股利只是想引人注目
Now incidentally, in a for-profit corporation--

顺便提一下在一家盈利性公司中