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

Bentley Systems, Incorporated (NASDAQ:BSY) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Tuesday, June 2nd will be paid a dividend of 0.07 per share on Thursday, June 11th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, June 2nd.

Bentley Systems has increased its dividend by an average of 0.6%annually over the last three years and has raised its dividend every year for the last 3 years. Bentley Systems has a payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Bentley Systems to earn $1.36 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 20.6%.

Bentley Systems Stock Up 1.4%

Shares of BSY opened at $32.64 on Friday. Bentley Systems has a 52-week low of $30.52 and a 52-week high of $59.25. The company has a market capitalization of $9.54 billion, a PE ratio of 37.09, a price-to-earnings-growth ratio of 2.12 and a beta of 1.01. The stock has a fifty day simple moving average of $33.85 and a two-hundred day simple moving average of $36.94. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.91.

Bentley Systems (NASDAQ:BSY) last issued its earnings results on Thursday, May 7th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. Bentley Systems had a return on equity of 28.65% and a net margin of 18.12%.The business had revenue of $424.18 million during the quarter, compared to the consensus estimate of $419.80 million. During the same period last year, the company earned $0.35 EPS. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, equities analysts forecast that Bentley Systems will post 1.19 EPS for the current year.

Bentley Systems Company Profile

Bentley Systems, Inc is a global software provider specializing in infrastructure engineering applications for the design, construction, and operations of roads, bridges, rail and transit systems, water and wastewater networks, power plants and grids, industrial facilities, and communications infrastructure. Founded in 1984 by brothers Keith and Barry Bentley, the company is headquartered in Exton, Pennsylvania, and maintains offices and development centers across North America, Europe, Asia, and Australia.