myr could have more bleeding if like tol, page-3

$1.80 now so attractive yield
"we now anticipate FY2012 NPAT to be no worse than 15 % below FY2011 ($162.7 million)" last year MYR paid aprox $130 mil in dividends (80% of npat)
So this year if NPAT is at worst $138.3 mil, then 80% of NPAT is a divi of 18.5c approx. so thats more than 10% return on $1.80 plus frnking credits fro super funds..

so i reckon funds will start buying soon for dividens unless they think retail still has a way to fall..
FYI
History of MYR's NPAT for previous few years is..

2009 108 mil
2010 168 mil
2011 162 mil
2012 138 mil??

Any thoughts?