On November 15, 2018, Bob, a cash basis taxpayer, gave his son Dave common stock that paid a dividend every year. On November 03, 2018, the corporation declared the dividend payable on December 05, 2018, to shareholders of record as of November 22, 2018. The corporation has paid the $1,000 dividend once each year for the past ten years, during which Bob owned the stock. Dave collected the dividend on December 15, 2018.

Assuming Bob and Dave are in the Tax Courts jurisdiction, who recognizes the dividend for tax purposes? Explain your answer.