Temitope purchased $100$ shares of WowNet stock on Wednesday, March $5$th$.$ Xiang purchased $100$ shares of WowNet stock on Friday, March $7$th$.$ WowNet declared a dividend on February $18$ th to shareholders of record on March $10$th$.$ The dividend is payable on April $1$st$.$ Given this information, which one of the following statements is correct?

Multiple Choice

Both Temitope ahd Xiang are entitled to a pro rata portion of the dividend.

Xiang is entitled to the dividend but temitope is not.

Temitope is entitled to the dividend but Xiang is not.

Both Temitope and Xiang are entitled to the dividend.

Neither Temitope nor Xiang is entitled to the dividend.