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

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

Bentley Systems has increased its dividend by an average of 0.6%per year over the last three years and has increased its dividend every year for the last 3 years. Bentley Systems has a payout ratio of 21.1% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Performance

Shares of BSY opened at $32.64 on Friday. The stock has a 50-day simple moving average of $33.85 and a 200-day simple moving average of $36.94. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a market capitalization of $9.54 billion, a PE ratio of 37.09, a PEG ratio of 2.12 and a beta of 1.01. Bentley Systems has a 1 year low of $30.52 and a 1 year high of $59.25.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. The business had revenue of $424.18 million during the quarter, compared to analysts’ expectations of $419.80 million. Bentley Systems had a return on equity of 28.65% and a net margin of 18.12%.The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 EPS. On average, analysts predict that Bentley Systems will post 1.19 earnings per share for the current fiscal 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.