Yes of course! The stock price will have to reflect the increase in shares due to the dividend. Shareholders however, will have double the shares, so the decrease in the stock price is really not relevant to the value each shareholder will retain in total. It is then up to the company to increase the value of the stock by releasing positive financials as well as negotiating new contracts for Barons and announcing those contracts.
Empirically, that thought process is correct. However, in penny land, it doesn't always work logically. I could see the stock price not move despite the new shares. In fact, I would guesstimate that it will remain at present level.
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