Bentley Systems, Incorporated Declares First Quarter 2023 Dividend

Bentley Systems, Incorporated 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 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.