Baytex Announces Quarterly Dividend for July 2026

Rhea-AI Summary

Baytex Energy (TSX: BTE, NYSE: BTE) declared a quarterly cash dividend of CDN$0.0225 per share, payable July 2, 2026 to shareholders of record on June 15, 2026. The U.S. dollar equivalent is approximately US$0.0165 per share assuming a 1.36 CAD/US FX 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

• Dividend of CDN$0.0225 per share payable on July 2, 2026
• Dividend designated eligible (Canada) and qualified (U.S.)

Negative

• Payments to non-resident shareholders subject to Canadian withholding taxes

News Market Reaction – BTE

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In the May 8 session, BTE declined 0.62%, reflecting a mild negative market reaction.

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Calgary, Alberta--(Newsfile Corp. - May 7, 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 July 2, 2026 to shareholders of record on June 15, 2026.

The U.S. dollar equivalent amount is approximately US$0.0165 per share assuming a foreign exchange rate of 1.36 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. The Company operates in the Western Canadian Sedimentary Basin, featuring the Pembina Duvernay and heavy oil plays in Alberta and Saskatchewan. 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/296537

FAQ

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

Baytex declared a quarterly cash dividend of CDN$0.0225 per share, payable on July 2, 2026. According to Baytex, the record date for eligibility is June 15, 2026.

How much is Baytex's July 2026 dividend in U.S. dollars for BTE shareholders?

The U.S. dollar equivalent is approximately US$0.0165 per share, using a 1.36 CAD/US exchange rate. According to Baytex, the amount is an approximate conversion and may vary with FX.

Will non-resident BTE shareholders receive the full July 2026 dividend amount?

No. Payments to shareholders who are not residents of Canada will be net of any applicable Canadian withholding taxes. According to Baytex, withholding taxes may reduce the cash received by non-resident shareholders.

What tax treatment does the Baytex July 2026 dividend have for Canadian and U.S. investors?

Baytex designates the dividend as an eligible dividend for Canadian tax purposes and a qualified dividend for U.S. tax purposes. According to Baytex, this affects how shareholders report dividend income for tax.

Where does Baytex (BTE) trade and how can investors find more information about the July 2026 dividend?

Baytex common shares trade on the TSX and NYSE under the symbol BTE. According to Baytex, investors can find more information on the company's website or contact investor relations by email or toll-free phone.