Bentley Systems, Incorporated (BSY) To Go Ex-Dividend on September 22nd

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

Bentley Systems has raised its dividend by an average of 0.6%per year 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% meaning 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 Stock Up 3.7%

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

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

About Bentley Systems

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.