✔ 最佳答案
First of all, we all know that the liquidity of land and buildings is very low. They're fixed assets. Their market value is inreleveant to determine the dividends. Base on the gain of financial instruments that is showing the financial/portfolio manager is doing a great job. The company may use the earning to pay off its liabilities such as bonds, treasury notes etc. That means the company might sell the equities to pay off the liabilities. In this case the liability and equity both go down. We can see this from the balance sheet/ financial statement. If there is still remain earnings after paying off the liabilities. The directors might consider to pay shareholders dividends. But It always depend on what kind of security holder you are. The company first pay dividends to the prefer stock holders. Common stock holders are always the last to receive dvidends. In some cases, the company pay dividends to prefer stock holders but not common stock holders.
Therefore it depends on directors' decision and what kind of security you're holding.
* If the revenue is only coming from the market value of securities, the company is probably in trouble and the possibility to distribute dividends is pretty low.
