The interest on bonds is subject to the directive, for instance, but dividends on shares, bond-like insurance products or income from derivatives are not.
例如，债券利息虽属于指令的规制范围，但股票红利、债券性保险项目或金融衍生产品收益便不在上列。
2
Companies only pay out a fraction of their earnings as dividends, so the earnings yield was then much higher than the government-bond yield.
公司仅付出盈利的一部分作为股息，盈利收益当然远高于国债收益率。
3
In any case, don't kid yourself into thinking stock dividends and bond interest are interchangeable. They aren't.