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1)Calculate the dividend yield and the payout ratio. 2)Calculate the annual dividend growth rate for the last 10 years. Based on the annual dividend growth

1)Calculate the dividend yield and the payout ratio.

2)Calculate the annual dividend growth rate for the last 10 years. Based on the annual dividend growth rate for each company, will you forecast a constant or non-constant growth in dividends?

Date Dividends
12/2/10 0.31
3/3/11 0.31
6/2/11 0.31
9/1/11 0.31
12/1/11 0.36
3/1/12 0.36
5/31/12 0.36
8/30/12 0.36
12/6/12 0.42
2/28/13 0.21
5/30/13 0.21
8/29/13 0.21
12/12/13 0.24
2/27/14 0.24
5/29/14 0.24
8/28/14 0.24
8/29/14 0.24
12/11/14 0.28
2/26/15 0.28
5/28/15 0.28
9/3/15 0.28
12/7/15 0.32
3/3/16 0.16
6/2/16 0.16
9/1/16 0.16
9/2/16 0.16
12/1/16 0.18
3/2/17 0.18
6/1/17 0.18
8/31/17 0.18
12/1/17 0.2
3/2/18 0.2
6/1/18 0.2
8/31/18 0.2
11/30/18 0.22
3/1/19 0.22
5/31/19 0.22
8/30/19 0.22

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