Baytex Announces Quarterly Dividend for October 2025

Rhea-AI Summary

Baytex Energy (NYSE:BTE) has declared a quarterly cash dividend of CDN$0.0225 per share for October 2025. The dividend will be paid on October 1, 2025 to shareholders of record as of September 15, 2025.

The dividend is equivalent to approximately US$0.0163 per share at 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, with applicable Canadian withholding taxes for non-Canadian residents.

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• Relatively small dividend amount indicates limited immediate return for shareholders

Calgary, Alberta--(Newsfile Corp. - July 31, 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 October 1, 2025 for shareholders of record on September 15, 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/260830

FAQ

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

Baytex Energy will pay a quarterly dividend of CDN$0.0225 per share (approximately US$0.0163) on October 1, 2025.

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

The record date for Baytex Energy's October 2025 dividend is September 15, 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 currency exchange rate used for Baytex's US dividend equivalent?

Baytex uses an exchange rate of 1.38 CAD/US to calculate the US dollar equivalent of the dividend.

Where does Baytex Energy (BTE) operate?

Baytex Energy operates in the Western Canadian Sedimentary Basin and the Eagle Ford in the United States, with headquarters in Calgary and offices in Houston.