2319 GMT - The reinstatement of dividends by PLS should be taken positively by the market, Barrenjoey says in a client note. The A$0.05/share dividend is a strong beat versus consensus of A$0.03/share, says the bank. It has an overweight rating and A$6.00 share-price target on PLS. In a separate note, RBC Capital Markets also cheers the payout. It is the company's first dividend since FY24, RBC says. "The dividend represents a 22% payout of FY26 adjusted free cash flow, within PLS' target dividend payout ratio of 20-30% of free cash flow," says the broker. It has an outperform rating and A$5.50 target on the stock. Shares ended Friday at A$5.07.