Sino Agro Food Inc (fka SIAF)

[soroi]

-dividend payments at all times paid to yield 10% + on what the current stock price is so as stock price rises dividend paid equal 10% so in 2 years if stock is 8 then dividend have to increase to 80 cents if stock price is 20 dividends have to be 2$

Would it not make more sense to pay dividends on percentage of what we earn, instead of the stockprice? So can the stockprice follow the dividend and not the other way around. If the company grows fast, it will gain a high P/E and then your model might be diffucult in long term?