Stock price $$44\mathrm{.}00$

Shares outstanding $10,358,000$

Market cap $$455,752,000$

Excess Cash $$93,580,000$

Dividend per share $$9\mathrm{.}03$

Estimate the expected decrease in the stock price after the ex$-$dividend date, you can use the dividend per share amount. Hint: when passing out dividends $,$ a company passes profits along to shareholders. In doing so $,$ it decreases its value proportional to the value of dividends paid out $.$