Baytex Announces Quarterly Dividend for April 2026

Baytex (TSX: BTE / NYSE: BTE) declared a quarterly cash dividend of CDN$0.0225 per share, payable April 1, 2026, to shareholders of record on March 13, 2026.

Rhea-AI Summary

Baytex (TSX: BTE / NYSE: BTE) declared a quarterly cash dividend of CDN$0.0225 per share, payable April 1, 2026, to shareholders of record on March 13, 2026. The U.S. equivalent is approximately US$0.0164 per share using a 1.37 CAD/US rate.

Payments to non-resident shareholders will be net of applicable Canadian withholding taxes. The dividend is designated an eligible dividend for Canadian tax purposes and a qualified dividend for U.S. tax purposes.

Positive

• Declared cash dividend of CDN$0.0225 per share for April 1, 2026
• Tax-favourable designation as an eligible dividend (Canada) and qualified dividend (U.S.)

Negative

• Withholding taxes will reduce payments to shareholders who are not residents of Canada

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Calgary, Alberta--(Newsfile Corp. - March 4, 2026) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "company") announces that its Board of Directors has declared a quarterly cash dividend of CDN$0.0225 per share to be paid on April 1, 2026 for shareholders of record on March 13, 2026.

The U.S. dollar equivalent amount is approximately US$0.0164 per share assuming a foreign exchange rate of 1.37 CAD/US. Payments to shareholders who are not residents of Canada will be net of any Canadian withholding taxes that may be applicable. This dividend is designated an "eligible dividend" for Canadian tax purposes and is considered a "qualified dividend" for U.S. income tax purposes.

Baytex Energy Corp.

Baytex Energy Corp. is a Calgary-based energy company committed to driving shareholder value through disciplined execution. It operates a high-quality, high-return portfolio in the Western Canadian Sedimentary Basin, featuring the Pembina Duvernay and heavy oil plays in Alberta and Saskatchewan. These core assets are backed by an extensive drilling inventory and consistently generate strong cash flow. Baytex's common shares are traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol BTE.

For further information about Baytex, please visit our website at www.baytexenergy.com or contact:

Brian Ector, Senior Vice President, Capital Markets and Investor Relations

Toll Free Number: 1-800-524-5521
Email: investor@baytexenergy.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286252

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What dividend did Baytex (BTE) declare for April 2026 and when is the payment date?

Baytex declared a CDN$0.0225 per share quarterly cash dividend, payable April 1, 2026. According to the company, shareholders of record on March 13, 2026 are eligible to receive the dividend, with non-residents subject to any applicable Canadian withholding taxes.

What is the U.S. dollar equivalent of Baytex's CDN$0.0225 dividend (BTE) for April 2026?

The approximate U.S. dollar equivalent is US$0.0164 per share based on a 1.37 CAD/US rate. According to the company, this USD figure is an approximate conversion and actual payment in USD may vary with exchange rates and withholding taxes.

Who is eligible for Baytex (BTE) dividend paid April 1, 2026 and what is the record date?

Shareholders of record on March 13, 2026 are eligible for the April 1, 2026 dividend payment. According to the company, distributions will be made to recorded shareholders and non-residents will receive payments net of applicable Canadian withholding taxes.

How is Baytex's (BTE) April 2026 dividend treated for Canadian and U.S. tax purposes?

The dividend is designated an eligible dividend for Canadian tax purposes and a qualified dividend for U.S. income tax purposes. According to the company, these designations may affect tax treatment for Canadian and U.S. resident shareholders respectively.

Will non-resident shareholders of Baytex (BTE) receive the full CDN$0.0225 dividend amount?

No; payments to non-resident shareholders will be net of any applicable Canadian withholding taxes. According to the company, withholding taxes will be deducted where required, reducing the net amount received by non-resident investors.

Where can investors find more information about Baytex (BTE) investor relations and this dividend?

Investors can access further information via Baytex's investor relations contact channels and website. According to the company, investor relations can be reached by the provided toll-free number and email for dividend and shareholder inquiries.