In Australia, we have traditionally seen large, mature companies (such as banks, retailers) pay relatively high dividends (as a percentage of earnings / percentage of current share price dividend yield), essentially as a way of returning spare cashto shareholders, in comparison to similarly developed countries / economies. i)Comment on why you think that this (relatively high dividend payout) may be the case. Focus your discussion on what differences may exist, if any, in the local (Australian) environment as opposed to elsewhere.