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

Bentley Systems, Incorporated (NASDAQ:BSYGet Free Report) announced a quarterly dividend on Thursday, May 21st. Shareholders 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 yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 2nd.

Bentley Systems has raised its dividend payment by an average of 0.6%annually over the last three years and has increased its dividend every year for the last 3 years. Bentley Systems has a dividend payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. 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 Up 1.4%

Shares of NASDAQ:BSY opened at $32.64 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.91. The business has a fifty day moving average of $33.85 and a two-hundred day moving average of $36.94. The stock has a market cap of $9.54 billion, a P/E ratio of 37.09, a PEG ratio of 2.12 and a beta of 1.01. Bentley Systems has a 52-week low of $30.52 and a 52-week high of $59.25.

Bentley Systems (NASDAQ:BSYGet Free Report) last issued its earnings results 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 company 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 firm’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.35 EPS. On average, research analysts expect that Bentley Systems will post 1.19 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on BSY. Barclays dropped their target price on Bentley Systems from $49.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday. BMO Capital Markets restated an “outperform” rating on shares of Bentley Systems in a report on Monday, March 2nd. Zacks Research cut Bentley Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Weiss Ratings cut Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 15th. Finally, Oppenheimer dropped their target price on Bentley Systems from $53.00 to $43.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Nine research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $47.00.

Check Out Our Latest Stock Analysis on BSY

Bentley Systems Company Profile

(Get Free Report)

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.

See Also

Dividend History for Bentley Systems (NASDAQ:BSY)

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