An S-Corp doesn't pay "dividends" per se only C-Corps pay traditional dividends reported on a 1099-DIV and entered as dividends on the tax return. All profits on the S-Corp are passed thru to the owners on a K-1 form to be taxes on the Sch E page 2.
As far as to a discussion on the pros and cons to having an S-corp ... this should have been considered before opening the corp and seeking local professional guidance would be wise to see if you really want or need to keep it open. Education is key.
https://www.google.com/search?q=pros+and+cons+of+s+corp+election&rlz=1C1SQJL_enUS880US880&oq=pros+an...
