Baytex Announces Quarterly Dividend for January 2025

Rhea-AI Summary

Baytex Energy Corp (TSX: BTE) (NYSE: BTE) has declared a quarterly cash dividend of CDN$0.0225 per share, payable on January 2, 2025, to shareholders of record on December 13, 2024. The U.S. dollar equivalent is approximately US$0.0163 per share, assuming a foreign exchange rate of 1.38 CAD/US. The dividend qualifies as an 'eligible dividend' for Canadian tax purposes and a 'qualified dividend' for U.S. tax purposes, subject to applicable withholding taxes for non-Canadian residents.

Positive

• Regular quarterly dividend payment demonstrates stable cash flow distribution to shareholders
• Dual-listed status on TSX and NYSE provides broader market access and liquidity

Negative

• Low dividend amount indicates cash distribution to shareholders

News Market Reaction

+3.18%

1 alert

+3.18% News Effect

On the day this news was published, BTE gained 3.18%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Calgary, Alberta--(Newsfile Corp. - October 31, 2024) - 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 January 2, 2025 for shareholders of record on December 13, 2024.

The U.S. dollar equivalent amount is approximately US$0.0163 per share assuming a foreign exchange rate of 1.38 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/228481

FAQ

What is Baytex Energy's (BTE) dividend amount for January 2025?

Baytex Energy's dividend for January 2025 is CDN$0.0225 per share (approximately US$0.0163).

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

The record date for Baytex Energy's January 2025 dividend is December 13, 2024.

When will Baytex Energy (BTE) pay its next quarterly dividend?

Baytex Energy will pay its next quarterly dividend on January 2, 2025.

Is Baytex Energy's (BTE) dividend qualified for tax purposes?

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