Baytex Announces Quarterly Dividend for July 2024

Baytex Energy Corp. announces a quarterly cash dividend of CDN$0.0225 per share to be paid on July 2, 2024, for shareholders of record on June 14, 2024.

Rhea-AI Summary

Baytex Energy Corp. announces a quarterly cash dividend of CDN$0.0225 per share to be paid on July 2, 2024, for shareholders of record on June 14, 2024. This dividend is considered 'eligible' for Canadian tax purposes and 'qualified' for U.S. income tax purposes. Baytex Energy Corp. is engaged in the acquisition, development, and production of crude oil and natural gas in Canada and the U.S.

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Calgary, Alberta--(Newsfile Corp. - May 9, 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 July 2, 2024 for shareholders of record on June 14, 2024.

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 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/208605

FAQ

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When will Baytex Energy Corp. pay the quarterly dividend for July 2024?

Baytex Energy Corp. will pay the quarterly dividend on July 2, 2024.

What is the amount of the quarterly cash dividend declared by Baytex Energy Corp.?

The quarterly cash dividend declared by Baytex Energy Corp. is CDN$0.0225 per share.

What is the symbol under which Baytex Energy Corp. common shares trade?

Baytex Energy Corp. common shares trade under the symbol BTE on the Toronto Stock Exchange and the New York Stock Exchange.

Where is the headquarters of Baytex Energy Corp. located?

The headquarters of Baytex Energy Corp. are located in Calgary, Alberta.

What does Baytex Energy Corp. specialize in?

Baytex Energy Corp. is engaged in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and the Eagle Ford in the United States.