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? Explain.

ETN Company

Date	Dividends
2/4/10	0.5
5/6/10	0.5
8/5/10	0.58
11/4/10	0.58
2/3/11	0.68
5/5/11	0.34
8/4/11	0.34
11/3/11	0.34
2/2/12	0.38
5/3/12	0.38
8/2/12	0.38
10/4/12	0.38
3/7/13	0.42
5/2/13	0.42
8/1/13	0.42
10/31/13	0.42
3/6/14	0.49
5/1/14	0.49
7/31/14	0.49
11/12/14	0.49
3/5/15	0.55
4/30/15	0.55
7/30/15	0.55
11/5/15	0.55
3/3/16	0.57
5/4/16	0.57
8/3/16	0.57
11/3/16	0.57
3/2/17	0.6
5/3/17	0.6
8/2/17	0.6
11/2/17	0.6
3/9/18	0.66
5/3/18	0.66
8/2/18	0.66
11/1/18	0.66