Baytex Announces Quarterly Dividend for July 2025

Rhea-AI Summary

Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) has declared a quarterly cash dividend of CDN$0.0225 per share (approximately US$0.0163) to be paid on July 2, 2025. The dividend is available to shareholders of record as of June 13, 2025, with 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.

Baytex Energy Corp. operates in the energy sector, focusing on crude oil and natural gas acquisition, development, and production in the Western Canadian Sedimentary Basin and Eagle Ford in the United States.

Positive

• Regular dividend payment demonstrates financial stability
• Dual-listed status on TSX and NYSE provides broader investor access
• Dividend qualifies for tax advantages in both US and Canada

Negative

• Relatively small dividend amount indicates limited immediate return for shareholders
• Foreign exchange exposure for international investors

Calgary, Alberta--(Newsfile Corp. - May 5, 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 July 2, 2025 for shareholders of record on June 13, 2025.

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/250820

FAQ

What is the dividend amount for Baytex Energy (BTE) announced for July 2025?

Baytex Energy announced a quarterly dividend of CDN$0.0225 per share (approximately US$0.0163) to be paid on July 2, 2025.

When is the record date for Baytex Energy's July 2025 dividend?

The record date for Baytex Energy's dividend is June 13, 2025.

Is Baytex Energy's 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.

What is the foreign exchange rate used for Baytex's dividend conversion?

The foreign exchange rate used is 1.38 CAD/US for converting the Canadian dividend to US dollars.

Where does Baytex Energy (BTE) operate its oil and gas production?

Baytex Energy operates in the Western Canadian Sedimentary Basin and in the Eagle Ford region in the United States.