Ask a Bankruptcy Lawyer. Get an Answer ASAP.
In that case, you should check with the bank that you may access the overdraft to pay dividends as overdrafts are usually for short term cashflow requirements.
If you lie to the bank for that purpose you need the overdraft for, you may end up committing fraud which is a criminal offence.
May I help further?
In that case, you may argue that dividends are for business purposes so you are covered.
All the best
Yes, dividends are payable from profits, no profits, no dividends usually.
Please see here for what are legal dividends and what are illegal dividends: https://www.rossmartin.co.uk/companies/running-the-business/783-legal-or-unlawful-dividends