You don't think they will make enough to cover the div?
Even during the worst of environments these guys can cover 112 mil a Q. Let's just say that OCF is down to 140, which is a 20% decrease, and they spend 30 mil on capex, which is a 50% increase....you still get a push on the div.
Look at the numbers and tell me where I am wrong. The div is manageable. If mngt is committed to paying it they can dip into cash to make it happen. As interest rates rise over the coming years and the employment services ramps up I think you will look back and question your shortsightedness.