Stock price around dividend.

Atlantis Manufacturing, Inc. issues the following press release: "Atlantis Manufacturing will pay a quarterly dividend of $0.90 per share to record holders as of the 20th of this month on the 30th of this month." The company made this announcement on March 2, 2014. There is a two-day settlement for stock transactions. Determine what the stock price of Atlantis Manufacturing will be after the cash dividend announcement in a world of no taxes. Assume the current price is $47.33 per share and the price does not change between March 2, 2014 and March 30, 2014 other than for the cash dividend.

On what day does the price change? What is the cost to a buyer after the announcement? What is the sales revenue to a seller after the announcement?