Bentley Systems Announces Fourth-Quarter 2025 Dividend and Extends Long-Term $500 Million Stock Repurchase Program
EXTON, Pa.—Bentley Systems, Incorporated (Nasdaq: BSY), a global leader in infrastructure engineering software, announced a series of shareholder-focused updates as part of its ongoing capital allocation strategy. The Company reported that its Board of Directors has approved the fourth-quarter dividend for 2025 and simultaneously authorized a substantial multi-year expansion of its stock repurchase program—steps that reinforce Bentley’s long-term commitment to returning value to its shareholders while maintaining financial strength and operational flexibility.
Fourth-Quarter 2025 Dividend Declaration
The Company’s Board of Directors declared a dividend of $0.07 per share for the fourth quarter of 2025. This cash dividend will be distributed on December 11, 2025, to all holders of Bentley Systems Class A and Class B common stock who are recorded as shareholders at the close of business on December 4, 2025.
The continuation of Bentley’s quarterly dividend reflects the stability of its operating performance and the consistency of its cash-generation capabilities. The Company has emphasized that dividend payments remain a key tool in rewarding long-term investors, and the quarterly payout aligns with its ongoing practice of balancing reinvestment in innovation with the return of capital to shareholders.
Expansion and Extension of the BSY Stock Repurchase Program
In addition to the dividend announcement, Bentley Systems revealed a significant update to its stock repurchase program. The Board of Directors has authorized the Company to repurchase up to $500 million in Class B common stock and convertible notes. This authorization is effective from November 21, 2025, and extends through December 31, 2028, substantially lengthening the program’s operating window.
This newly approved authorization replaces the Company’s current repurchase authorization, which was previously set to expire on June 30, 2026. By extending the program by more than two years and reaffirming a sizable repurchase capacity, Bentley Systems signals confidence in its long-term growth trajectory, financial resilience, and the intrinsic value of its shares.
Flexible Repurchase Methods and Funding Strategy
Under the updated repurchase authorization, Bentley Systems may acquire its securities using multiple methods, including:
- Open market purchases, depending on overall trading volume and share price conditions
- Privately negotiated transactions, allowing targeted buybacks when opportunities arise
- Other methods permissible under federal securities laws, ensuring flexibility in execution
The Company intends to finance all repurchases using available working capital and cash generated from operating activities, emphasizing Bentley’s strong balance sheet and positive operating cash flow.
Factors Influencing Repurchase Decisions
Bentley Systems noted that future repurchase activity will be determined by management at its discretion, taking into account a range of internal and external considerations. Among the key factors influencing repurchases are:
The Company’s evaluation of the intrinsic value of Bentley shares
The prevailing market price of BSY Class B common stock and related securities
Broader market and economic conditions, including interest rate trends and equity market performance
Bentley’s own liquidity position and cash priorities
Compliance with debt covenants, financial agreements, and legal requirements
The Company’s ongoing capital allocation priorities, including R&D investment and strategic initiatives
Bentley also emphasized that no minimum repurchase amount is guaranteed. The pace and scale of repurchases may fluctuate with market dynamics and business conditions. In addition, the repurchase program can be modified, suspended, or discontinued at any time without prior notice, ensuring the Company has maximum flexibility to respond to changing circumstances.
Reaffirming Shareholder Value as a Strategic Priority
By combining the continuation of quarterly dividend payments with the extension of a substantial share repurchase program, Bentley Systems demonstrates a balanced approach to capital allocation—one that supports growth while rewarding shareholders.
The Company stated that these actions reflect its confidence in future performance, continued global demand for its infrastructure engineering software solutions, and its commitment to delivering long-term, sustainable value. As Bentley continues to advance digital engineering technologies across transportation, utilities, construction, and public infrastructure markets, the Board sees both dividends and share repurchases as important tools in strengthening shareholder returns.
