Baytex Announces Quarterly Dividend for April 2025

Rhea-AI Summary

Baytex Energy Corp (TSX: BTE) (NYSE: BTE) has declared its quarterly cash dividend for April 2025. The company will pay CDN$0.0225 per share (approximately US$0.0158 at 1.42 CAD/USD exchange rate) on April 1, 2025, to shareholders of record as of March 14, 2025.

The dividend qualifies as an 'eligible dividend' for Canadian tax purposes and a 'qualified dividend' for U.S. tax purposes. Non-Canadian residents may be subject to applicable withholding taxes. Baytex operates in the Western Canadian Sedimentary Basin and Eagle Ford, focusing on crude oil and natural gas acquisition, development, and production.

Positive

• Consistent quarterly dividend payment maintained
• Dividend qualifies for favorable tax treatment in both US and Canada

Negative

• Low dividend amount indicates conservative cash distribution policy

News Market Reaction – BTE

-4.35%

-4.35% Session move

In the trading session that priced this news, BTE declined 4.35%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Calgary, Alberta--(Newsfile Corp. - March 4, 2025) - 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, 2025 for shareholders of record on March 14, 2025.

The U.S. dollar equivalent amount is approximately US$0.0158 per share assuming a foreign exchange rate of 1.42 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 an energy company with headquarters based in Calgary, Alberta and offices in Houston, Texas. The company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Baytex's common shares trade on the Toronto Stock Exchange and the New York 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/243267

FAQ

What is the amount of Baytex Energy's (BTE) April 2025 quarterly dividend?

Baytex Energy's quarterly dividend for April 2025 is CDN$0.0225 per share (US$0.0158 at 1.42 CAD/USD rate).

When is the record date for Baytex Energy's (BTE) April 2025 dividend?

The record date for Baytex's April 2025 dividend is March 14, 2025.

When will Baytex Energy (BTE) pay its April 2025 dividend?

Baytex will pay the dividend on April 1, 2025.

What are the tax implications for Baytex Energy's (BTE) April 2025 dividend?

The dividend is designated as an 'eligible dividend' for Canadian tax purposes and a 'qualified dividend' for U.S. tax purposes.