On May 29, you purchased 2,000 shares of Powel Properties stock. On Monday June 8, you sold 800 shares of this stock for $16 a share. You sold an additional 400 shares on Monday June 15 at a price of $18 a share. The company declared a $.75 per share dividend on June 1 to holders of record as of Wednesday June 17. This dividend is payable on June 26. How much dividend income will you receive on June 26 as a result of your ownership of Powel Properties stock?