04:26 PM EST, 11/21/2025 (MT Newswires) -- Bentley Systems ( BSY ) said Friday its board extended the company's stock repurchase program, authorizing up to $500 million in class B share and convertible-note buybacks through Dec. 31, 2028, and maintained its Q4 dividend at $0.07 per share.

The new authorization replaces the prior program, which was set to expire on June 30, 2026. Repurchases may be made in the open market, through privately negotiated transactions or other permitted methods, and may be adjusted, suspended or discontinued at any time.

The dividend is payable Dec. 11 to shareholders of record on Dec. 4.

Shares of Bentley Systems ( BSY ) were up 1.6% in after-hours trading.