These guys that think paying a dividend is the answer to everything just kill me! If EDV paid out ALL of its cash, it would amount to a whopping 30-cents per share! That would wreck the balance sheet and cause pro money to flee in droves because of the the illiquidity. THEN there is an expectation that the company will continue to pay dividends, and if it doesn't that begets more selling on the disappointment.
If one is looking for dividends they need to move on - EDV is a GROWTH company and will invest most of its profits back into projects to increase cash flow. Value here comes from the growth profile and what that increase growth does to the cash flow stream in the face of a rising POG.