Bentley Systems, Incorporated (NASDAQ:BSY) Plans Quarterly Dividend of $0.07

Bentley Systems, Incorporated (NASDAQ:BSY) declared a quarterly dividend on Friday, September 4th. Stockholders of record on Tuesday, September 22nd will be given a dividend of 0.07 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, September 22nd.

Bentley Systems has increased its dividend by an average of 0.6%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Bentley Systems has a payout ratio of 21.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bentley Systems to earn $1.37 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 20.4%.

Bentley Systems Price Performance

NASDAQ:BSY opened at $32.58 on Friday. The firm has a market capitalization of $9.47 billion, a price-to-earnings ratio of 35.80, a PEG ratio of 2.05 and a beta of 0.98. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.59 and a quick ratio of 0.59. The business has a 50 day simple moving average of $34.24 and a 200-day simple moving average of $33.87. Bentley Systems has a 1 year low of $28.08 and a 1 year high of $57.25.

Bentley Systems (NASDAQ:BSY) last released its earnings results on Thursday, August 6th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. Bentley Systems had a return on equity of 28.43% and a net margin of 18.10%.The firm had revenue of $410.73 million for the quarter, compared to the consensus estimate of $412.12 million. During the same quarter in the previous year, the company posted $0.32 EPS. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. Equities analysts forecast that Bentley Systems will post 1.2 EPS for the current year.

Bentley Systems Company Profile

Bentley Systems, Incorporated develops software for professionals and organizations involved in the planning, design, construction and operation of infrastructure. Its solutions support sectors including transportation, water and wastewater, utilities, buildings, industrial facilities, mining and other public and private infrastructure markets.

The company’s product portfolio includes MicroStation for infrastructure design and modeling; ProjectWise for project collaboration and information management; AssetWise for asset performance and operations; OpenRoads and OpenBuildings for specialized design workflows; SYNCHRO for construction management; and the iTwin platform for creating and using digital twins of infrastructure assets.

Founded in 1984 by brothers Keith, Barry and Raymond Bentley, Bentley Systems is headquartered in Exton, Pennsylvania, and serves customers globally.