Bentley Systems, Incorporated Declares Fourth Quarter 2024 Dividend

Rhea-AI Summary

Bentley Systems (BSY) has announced a quarterly dividend declaration. The company's Board of Directors has approved a $0.06 per share dividend for the fourth quarter of 2024. The dividend will be paid on December 12, 2024, to stockholders of both Class A and Class B common stock who are on record as of the close of business on December 3, 2024.

Positive

• Continued commitment to shareholder returns through dividend payments

Negative

• None.

Insights

Financial Analyst

The quarterly dividend announcement of $0.06 per share maintains BSY's consistent capital return policy, representing an annual dividend yield of approximately 0.3% based on current share prices. While the dividend continuation signals financial stability and commitment to shareholder returns, the relatively modest yield is typical for growth-oriented software companies that prioritize reinvestment in business expansion. The dividend payout ratio remains conservative, allowing Bentley Systems to maintain financial flexibility for strategic investments and potential acquisitions in the infrastructure engineering software space.

EXTON, Pa.--(BUSINESS WIRE)-- Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that its Board of Directors declared a $0.06 per share dividend for the fourth quarter of 2024. The cash dividend is payable on December 12, 2024, to all stockholders of record of Class A and Class B common stock as of the close of business December 3, 2024.

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, powered by the iTwin Platform for infrastructure digital twins, include MicroStation and Bentley Open applications for modeling and simulation, Seequent’s software for geoprofessionals, and Bentley Infrastructure Cloud encompassing ProjectWise for project delivery, SYNCHRO for construction management, and AssetWise for asset operations. Bentley Systems’ 5,200 colleagues generate annual revenues of more than $1 billion in 194 countries.

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, 2023, and subsequent filings.

©2024 Bentley Systems, Incorporated. Bentley, the Bentley logo, 3D Tiles, AssetWise, Bentley Infrastructure Cloud, Bentley Open, Cesium, Cohesive, iTwin, MicroStation, ProjectWise, Seequent, and SYNCHRO 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/20241122812477/en/

Investors: Eric Boyer, IR@bentley.com

Press: Chris Phillips, PR@news.bentley.com

Source: Bentley Systems, Incorporated

FAQ

What is Bentley Systems' (BSY) dividend amount for Q4 2024?

Bentley Systems (BSY) declared a dividend of $0.06 per share for the fourth quarter of 2024.

When is the payment date for Bentley Systems' (BSY) Q4 2024 dividend?

The Q4 2024 dividend will be paid on December 12, 2024.

What is the record date for Bentley Systems' (BSY) Q4 2024 dividend?

The record date for BSY's Q4 2024 dividend is December 3, 2024.

Which Bentley Systems (BSY) shareholders are eligible for the Q4 2024 dividend?

Both Class A and Class B common stockholders of record as of December 3, 2024, are eligible for the dividend.