Bentley Systems, Incorporated Declares First Quarter 2023 Dividend
January 25 2023 - 4:01PM
Business Wire
Bentley Systems, Incorporated (Nasdaq: BSY),
the infrastructure engineering software company, today announced
that its Board of Directors increased by two cents the regular
quarterly dividend effective from the first quarter of 2023 and
declared a $0.05 per share dividend for the first quarter of 2023.
The cash dividend is payable on March 7, 2023 to all stockholders
of record of Class A and Class B common stock as of the close of
business on February 21, 2023.
CFO Werner Andre said, “Our increased dividend reflects our
strong cash flow generation and commitment to broadly balanced
capital allocation between acquisitions, dividends, repurchase of
stock and convertible debt to offset dilution from stock-based
compensation, and deleveraging.”
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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 geoprofessional
software portfolio, and the iTwin Platform for infrastructure
digital twins. Bentley Systems employs more than 4,500 colleagues
and generates annual revenues of approximately $1 billion in 186
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, 2022, and subsequent filings.
© 2023 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230125005749/en/
BSY Investor Contact: Eric Boyer Investor Relations
Officer eric.boyer@bentley.com
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