You know what, your predictions can come true, i.e. bear market can continue very long and it would bring numerous calamities and so on. I can even understand your zeal in propagating these ideas; hopefully it is just a reaction to overzealous pump happening too often on these boards. Correct?
However, PAAS is one of the safest stocks in this sector. It means that it will last longer than many peers, in case of bad scenario. Yes, if the outcome is totally negative then it is not a big consolation; though in many interim scenarios, when things go bad but not to the very end, PAAS can bring certain positives for agile investors.
In other words, this is stock market, anything can happen. Mere mortals cannot know how long this bear will continue. It is good enough if they know which side of the world they stand right now.
Regarding dividend, it is a neutral thing, by investor perspective, in bad markets. You collect dividend and pay tax, but tax rate is the same as for long-term capital gains. No difference. When dividend is paid, share price gets down by the same amount. Zero sum.
if you have read the board you will find out how many people have bought this stock just for the dividend. It was a nice dividend at 2%, now it is 4.10%, even nicer but we all know very well the inverse relationship. I have no position on this stock which to my own judgement is extremely overvalued. I would consider it at around $9.