L.A. County supervisors agree to boost minimum wage to $15 an hour by 2020. Hilda Solis. Marcus Yam / Los Angeles Times. L.A. County supervisor Hilda Solis leads a rally by labor groups to raise the minimum wage to $15 by 2020 in Los Angeles on July 21. (Marcus Yam / Los Angeles Times).
The Company's internal growth rates represent the weighted average, year-over-year growth rates of revenues excluding the effects of foreign currency rate fluctuations and acquisitions.
Method 2: Use an average of a multi-period Compounded Annualized Growth Rates (CAGR). In this method, I first calculate a 3 year (or 5 year) dividend CAGR. The calculated dividend growth rate is the average of all these multi-period CAGRs. The historical growth rate in this case is estimated to be 28%.