Tasneem purchased $100$ shares of Bentwood stock on June $7$th$.$ Andre purchased $100$ shares of Bentwood stock on Monday, July $9$th$.$ Bentwood declared a dividend on June $20$th to shareholders of record on July $13$th that is payable on August $1$st$.$ Which one of the following statements concerning the dividend paid on August $1$st is correct given this information?