Now the other thing is,

另一件方面是
there are other ways

除了股利
to get money out of a company without paying a dividend

还有其他收回投资的方法
and one of them is stock repurchase.

比如股票回购
There's also liquidation.

还有股票清偿
Let me mention liquidation or sale of company.

我们来说说清偿或者公司的销售
I'll talk about this--

我来讲讲这个
the company doesn't ever have to pay a dividend.

公司不愿意支付股利
All it can do is keep piling in the money and accumulating it and then

他们吸进资金并不断积累
someone will buy the whole company and then

然后某人会买下整个公司
all of the shareholders will be bought out at a termination date.

在终止日期前所有股东的股票都将被买下
That's one way that a--but often, when companies are bought out,

但当公司的全部股份被买下时