Earlier quoted context omitted.
No you didn't. The dividend cash would just be subtracted from the market cap (roughly) the next day when the market opens.
Are you suggesting that any time a dividend is paid on a single share, that share's price drops by exactly the dividend payment amount?
Yes, among many other factors that affect share price. In some forms of stock (e.g. MLP units) the daily share price change is even adjusted for subtracting the distribution.