On May 18th, You Purchased 1,000 Shares of BuyLo Stock

On May 18th, you purchased 1,000 shares of BuyLo stock. On June 5th, you sold 200 shares of this stock for $21 a share. You sold an additional 400 shares on July 8th at a price of $22.50 a share.
The company declared a $.50 per share dividend on June 25th to holders of record as of Thursday,
July 10th. This dividend is payable on July 31st. How much dividend income will you receive on July
31st as a result of your ownership of BuyLo stock?

A) $100
B) $200
C) $300
D) $400
E) $500