How do average dividend payout ratios for companies headquartered in English common- law countries compare with those

Question:

How do average payout ratios for companies headquartered in English common- law countries compare with those of companies head-quartered in civil law countries? What explains this difference?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...