I wanted to invest in Tenx but then I read this

https://www.reddit.com/r/ethtrader/comments/6i18pn/tenx_is_the_next_big_ico_but_should_we_buy_into/

Basically, the reddit user explains in the prolonged post how the dividend is simple too small to ever be worthwhile to convert from ETH to PAY as by creating dividend the ETH price will naturally go up. Seems like it's just far better to keep ETH.