AFB Corp. Declared a $1.00 dividend on January 5^th, with an ex-dividend date of January 19^th, a record date of January 21^st, and a payment date of March 15^th. Doug purchased AFB stock on January 6^th. Which of the following statements is MOST correct?

A. Doug will receive the dividend if he still owns the stock on January 21^st, even if he sells the stock before the payment date.

B. Doug will not receive the dividend because he purchased the stock prior to the record date.

C. Doug will receive the dividend if he still sells his stock on January 20^thbecause he owned the stock on the ex-dividend date.

D. Doug will not receive the dividend because he purchased the stock after the declaration date.