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

Bentley Systems, Incorporated (NASDAQ:BSY) declared a quarterly dividend on Monday, February 23rd. Investors of record on Tuesday, March 10th will be paid a dividend of 0.07 per share on Thursday, March 19th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, March 10th.

Bentley Systems has raised its dividend by an average of 0.6%annually over the last three years and has increased 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 $1.01 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 27.7%.

Bentley Systems Price Performance

NASDAQ:BSY opened at $39.79 on Friday. The stock has a market cap of $11.59 billion, a P/E ratio of 46.27, a PEG ratio of 2.78 and a beta of 1.18. Bentley Systems has a one year low of $30.97 and a one year high of $59.25. The company has a fifty day moving average price of $36.68 and a 200 day moving average price of $44.18. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.56 and a quick ratio of 0.56.

Bentley Systems (NASDAQ:BSY) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. Bentley Systems had a net margin of 18.50% and a return on equity of 28.82%. The company had revenue of $391.58 million for the quarter, compared to analyst estimates of $381.79 million. During the same period last year, the business posted $0.21 EPS. The business’s quarterly revenue was up 11.9% on a year-over-year basis. Analysts anticipate that Bentley Systems will post 0.88 earnings per share for the current year.

About Bentley Systems

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.