Now the other thing is, there are other ways to get money out of a company without paying a dividend and one of them is stock repurchase.

另一件方面是,除了股利,还有其他收回投资的方法,比如股票回购

耶鲁公开课 - 金融市场课程节选

That is, share repurchase can change the units of measurement in a security and companies have to decide how leveraged the stock will be, which changes the stock price--leverage, meaning how much debt the company takes on.

即 股票的购回会改变,已发行股票的单位数量,公司需要决定,股票的杠杆效用是多少,杠杆会改变股价,杠杆指的是公司举债的多少

耶鲁公开课 - 金融市场课程节选