Infrastructure engineering software company Bentley Systems (BSY) will start paying a quarterly dividend of 3 cents per share.

Earlier this year the company became publicly traded with an opening stock price of $28 on September 23. At a current stock price of $35.67 the company's market cap is $9.7 billion.

The company's board of directors declared a $0.03 per share dividend for the fourth quarter of 2020. The cash dividend is payable on December 22, 2020 to all stockholders of record of Class A and Class B common stock as of the close of business on December 7, 2020. An annualized dividend rate of $0.12 per share will yield 0.3% at a stock price of $35.67 for Bentley Systems.

Bentley Systems, Incorporated is an infrastructure engineering software company. The company provides software solutions to 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, and industrial facilities. Bentley's offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, and the iTwin platform for infrastructure digital twins. Bentley Systems operates worldwide and became publicly traded on September 23, 2020. The company also announced its first dividend in 2020.