A company has announced an increase in its quarterly dividend

A company has announced an increase in its quarterly dividend from $0.25 to $0.33 per share. If an investor who owns 700 shares is in the 20 percent tax bracket, calculate the amount by which the investor’s tax would increase annually due to the dividend.

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...