Are you kidding? In the slim chance that you are not making a joke the stock is worth exactly $3.05 less x-dividend. So why wouldn't the stock drop by that amount, all things being equal?
New buyers will not be entitled to that dividend but will start accruing the subsequent dividend. The stock will drop by the amount of that dividend when it trades post in 3 months. If a stock price did not recover from the x-dividend, dividend paying stocks would eventually fall to $0.
I think you were making a little joke when you made that post. I hope you were.