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

Key Points

• Bentley Systems, Incorporated has declared a quarterly dividend of $0.07 per share, payable on September 30th to stockholders of record as of September 23rd, which translates to an annualized yield of 0.5%.
• The company has a current payout ratio of 21.1%, indicating its dividend is well-supported by earnings, with anticipated earnings of $1.01 per share for the next year.
• Bentley Systems' shares recently traded down 1.0% to $52.94, with a market cap of $15.46 billion and analysts' average price target set at $56.60.

Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) announced a quarterly dividend on Thursday, September 11th, RTT News reports. Investors of record on Tuesday, September 23rd will be paid a dividend of 0.07 per share on Tuesday, September 30th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date is Tuesday, September 23rd.

Bentley Systems has a payout ratio of 21.1% indicating that its dividend is sufficiently covered by earnings. 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

BSY traded up $0.21 during trading on Thursday, reaching $52.95. 949,393 shares of the company were exchanged, compared to its average volume of 1,535,547. The company's 50-day moving average is $55.18 and its two-hundred day moving average is $49.07. The company has a market cap of $15.47 billion, a price-to-earnings ratio of 67.03, a P/E/G ratio of 4.21 and a beta of 1.09. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.07. Bentley Systems has a 12-month low of $36.51 and a 12-month high of $59.25.

Bentley Systems (NASDAQ:BSY - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. The firm had revenue of $364.11 million for the quarter, compared to analysts' expectations of $363.51 million. Bentley Systems had a return on equity of 28.41% and a net margin of 17.91%.The company's revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 EPS. Research analysts forecast that Bentley Systems will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Company Profile

Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers open modeling engineering applications, such as MicroStation, OpenBridge, OpenBuildings, OpenCities, OpenComms, OpenFlows, OpenPlant, OpenRail, OpenRoads, OpenSite, OpenTower, OpenTunnel, OpenUtilities, and OpenWindowPower; and open simulation engineering applications, including ADINA, AutoPIPE, CUBE, DYNAMEQ, EMME, LEGION, Power Line Systems, RAM, SACS, SPIDA, and STAAD; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including AGS, Central, GeoStudio, Imago, Leapfrog, MX Deposit, Oasis montaj, OpenGround, and PLAXIS.