为什么要除息

除息是股票市场中的一个重要概念，指的是在股票持有者获得股息后，对股票的价格进行减除的过程。这个过程是为了调整股票价格以反映其真实价值。

英文翻译对照：Why is dividend allocation necessary?

首先，除息是为了避免股票价格被高估。当股票持有者获得股息后，股票的真实价值应该被重新评估。如果股息很高，而股票价格不进行调整，那么股票持有者的实际收益就会被低估。因此，除息是为了保证股票价格的公允性和准确性。

英文翻译对照：Firstly, dividend allocation is necessary to avoid overestimating the stock price. When stockholders receive dividends, the true value of the stock should be reassessed. If the dividends are high and the stock price does not adjust accordingly, the actual returns of stockholders will be underestimated. Therefore, dividend allocation is to ensure the fairness and accuracy of the stock price.

其次，除息可以帮助市场更好地发挥作用。在股票市场中，除息是一个信号，它向投资者表明该公司的盈利能力较弱。这可能会导致投资者重新评估该公司的投资价值。此外，除息还可以鼓励投资者更加关注公司的基本面，而不是短期内的价格波动。

英文翻译对照：Secondly, dividend allocation can help the market function better. In the stock market, dividend allocation is a signal that indicates to investors that the company's earning ability is weak. This may cause investors to reevaluate the investment value of the company. In addition, dividend allocation can also encourage investors to focus more on the company's fundamentals rather than short-term price fluctuations.