实物股利亦称“财产股利”，是指股份公司用现金以外的公司财产向股东支付股利的情形。通常有两种：①有价证券股利，主要是公司持有的其他公司的股票、债券、 *** 等（包括 *** 债券、金融债券）。②实物财产股利，通常用公司自己的产品或者其他产品作为实物股利。在派发实物股利时，公司往往在 *** 上给股东适当优惠，以促使股东接受这种股利。
其英文一般可以用dividend in specie或dividend in kind表示：
A dividend in specie has been described as any dividend other than in the form of cash, and considered viable if declaring company is facing liquidity problems or the distribution of an asset instead of cash would *** ke economic sense. Common forms of known dividends in specie include property, stock, scrip, and liquidating dividends.
通常情况下，企业在现金支付能力不足时，所采取的补救措施就是发放实物股利。
公司采用财产股利支付形式，主要是基于以下考虑：一是减轻现金支付压力。采用财产股利支付形式，不会增加公司的现金流出，因而可以减轻公司的现金支付压力。二是保持公司股利政策的稳定 *** 。当公司财务出现暂时困难，不支付股利势必会影响投资者对公司的信心，支付现金股利又缺少现金时，采用财产股利支付形式，可以保持公司股利政策的稳定 *** ，树立良好的公司形象。三是保持对其他公司的控制权。当公司为达到对其他公司进行控制的目的，用大量现金购买其股票后，无多余现金发放股利，将所购股票作为股利发放给股东，有利于保持对其他公司的控制权。
实物派发即派发实物股利，其英文为distribution-in-kind或distribution-in-specie。其英文释义如下：
A distribution-in-kind, also referred to as a distribution-in-specie, is a payment *** de in the form of sec *** ities or other property rather than in cash. A distribution-in-kind *** y be *** de in s *** ral different situations, including the payment of a stock dividend or inheritance, or taking sec *** ities out of a tax-deferred account. It can also refer to the transfer of an asset to a beneficiary over the option of liquidating the position and transferring the cash.
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以下为相关双语示例，供参考：
董事会欣然宣布，于二零二二年十一月十六日，其决议将按合资格股东持有每10股股份获发1股美团B类普通股的基准，向于记录日期名列本公司股东名册上之股东按彼等当时各自于本公司之持股比例，以实物分派的方式宣派由本公司透过Huai River及╱或TML间接持有的约958,121,562股美团B类普通股（假设自本公告日期至记录日期已发行股份总数并无变化）的特别中期股息，该等美团股份数目将被舍去零碎部份下调至最接近之整数。）
The Board is pleased to announce that, on 16 November 2022, it has resolved to declare a special interim dividend in the form of a distribution in specie of approxi *** tely 958,121,562 Class B ordinary shares of Meituan (assuming there is no change in the total number of issued Shares from the date of this announcement to the Record Date) indirectly held by the Company through Huai River and/or TML to the Shareholders whose names appear on the register of members of the Company on the Record Date in proportion to their then respective shareholdings in the Company on the basis of 1 Class B ordinary share of Meituan for *** ry 10 Shares held by the Qualifying Shareholders, being rounded down to the nearest whole number of Meituan Shares.
转载自：旗渡红蓝律网站 作者：旗渡多语信息中心（出海资讯定制
