Bentley Systems, Incorporated
BSYTechnology · Stock · quarterly payer
Forward Yield
0.86%
Annual Dividend
$0.28
Payout Ratio
31%
5-Yr Growth
18.5%
Ex-Date
Sep 22, 2026
Frequency
Quarterly
Summary
As of September 2026, Bentley Systems, Incorporated (BSY) yields 0.86% ($0.28 per share annually), with a blended fair-value estimate of $37.62 — +15% upside, so it screens as undervalued. Dividend safety grade: B (70/100). 3 years of dividend growth.
Is BSY a good dividend stock?
Yes, with caveatsBentley Systems, Incorporated (BSY) pays a quarterly dividend yielding 0.86% ($0.28/yr), with 3 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (31%)
- Strong 18.5% 5-yr dividend growth
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 0.86%
- Payout Ratio
- 31%
- Annual Dividend
- $0.28
- 5-Yr Avg Growth
- 18.5%
- Ex-Dividend Date
- Sep 22, 2026
- Years of Growth
- 3
- Frequency
- quarterly
- Beta
- 0.98
- Market Cap
- $9.8B
- P/E Ratio
- 36.2
- 5-Yr Total Return
- -45%
- 52-Week Range
- $28.08 – $57.25
- Dividend Safety
- B · 70/100
- Ever Cut?
- No
Frequently Asked Questions
BSY Price — Last 12 Months
Daily close
Price Return
1 Year
-36%
3 Years
-33%
5 Years
-45%
52-Week Range
$28.08 – $57.25
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BSY worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Bentley Systems, Incorporated is $37.62 per share, versus a market price of $32.58. That implies 15% of upside — a margin of safety of about 13%.
Fair Value
$37.62
Current Price
$32.58
Upside
+15%
Margin of Safety
13%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 13.2% annual free-cash-flow growth. We model 18.4% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.2% discount rate (CAPM), 18.4% stage-1 growth, 2.5% terminal growth, $0.90 EPS, $0.28 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BSY Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 2, 2026 | — | $0.0700 | regular |
| Mar 10, 2026 | — | $0.0700 | regular |
| Dec 4, 2025 | — | $0.0700 | regular |
| Sep 23, 2025 | — | $0.0700 | regular |
| Jun 3, 2025 | — | $0.0700 | regular |
| Mar 19, 2025 | — | $0.0700 | regular |
| Dec 3, 2024 | — | $0.0600 | regular |
| Sep 17, 2024 | — | $0.0600 | regular |
| Jun 4, 2024 | — | $0.0600 | regular |
| Mar 19, 2024 | — | $0.0600 | regular |
| Dec 1, 2023 | — | $0.0500 | regular |
| Aug 14, 2023 | — | $0.0500 | regular |
| Jun 7, 2023 | — | $0.0500 | regular |
| Feb 17, 2023 | — | $0.0500 | regular |
Income Calculator
At $0.28 / yr per share
