Bentley Systems, Incorporated Declares First Quarter 2022 Dividend

Rhea-AI Summary

Bentley Systems, a leading infrastructure engineering software company, has declared a cash dividend of $0.03 per share for Q1 2022. This dividend is payable on March 15, 2022, to all stockholders of record as of March 8, 2022. Bentley Systems, which generates over $800 million annually and employs more than 4,000 staff globally, continues to provide innovative software solutions for infrastructure design and management.

Positive

• Declared a dividend of $0.03 per share.
• Demonstrates company confidence in future financial stability.

Negative

• Future dividends depend on financial conditions and macroeconomic factors.
• Potential risks include changes in business needs and tax laws affecting dividends.

EXTON, Pa.--(BUSINESS WIRE)-- Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that its Board of Directors declared a $0.03 per share dividend for the first quarter of 2022. The cash dividend is payable on March 15, 2022 to all stockholders of record of Class A and Class B common stock as of the close of business on March 8, 2022.

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About Bentley Systems

Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, Seequent’s leading geosciences software portfolio, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,000 colleagues and generates annual revenues of more than $800 million in 172 countries.

www.bentley.com

This press release contains statements that are not historical in nature and that are intended to be, and are hereby identified as, “forward looking statements” as defined in the Private Securities Litigation Reform Act of 1995, including a statement regarding expectations as to payment of a quarterly cash dividend in the foreseeable future. Any future determination as to payment of dividends will depend upon the financial condition and results of operations of the company and such other factors as are deemed relevant by the board of directors. For example, macroeconomic conditions, pandemic consequences, a change in business needs including working capital, or a change in income tax law relating to dividends, could cause the company to decide not to pay a dividend in the future. A discussion of other risks and uncertainties is included in the company’s filings with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2020 and subsequent filings.

© 2022 Bentley Systems, Incorporated. Bentley, the Bentley logo, AssetWise, iTwin, MicroStation, ProjectWise, and Seequent are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries. All other brands and product names are trademarks of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220224006001/en/

Investor Contact:

Ankit Hira or Ed Yuen

Solebury Trout for Bentley Systems

ir@bentley.com

1-610-458-2777



Media Contact:

Carey Mann

carey.mann@bentley.com

1-610-458-3170

Source: Bentley Systems

FAQ

What is the dividend amount declared by BSY?

Bentley Systems declared a dividend of $0.03 per share.

When is the dividend payable for BSY?

The dividend is payable on March 15, 2022.

What is the record date for BSY's dividend?

The record date for the dividend is March 8, 2022.

What are the risks associated with BSY's dividend payments?

Future dividend payments depend on financial conditions and could be affected by macroeconomic factors and changes in tax laws.