Nemetschek

Nemetschek, based in Munich, is a leading software company for the construction and design world, whose programs architects, engineers and builders use to design buildings, manage projects and create special effects for film. The shift of the building industry to digital tools and its move to cloud subscriptions give it recurring, growing revenue. Nemetschek has raised its dividend steadily for many years without a cut, funded by expanding, high-margin profits. The yield is small because it is a growth company, so the appeal is dependable dividend growth from a high-quality software leader.