Baytex Confirms Quarterly Dividend

Rhea-AI Summary

Baytex Energy Corp. announces a quarterly cash dividend of CDN$0.0225 per share to be paid on January 2, 2024. The dividend is designated as an 'eligible dividend' for Canadian tax purposes and a 'qualified dividend' for U.S. income tax purposes. Baytex is an energy company engaged in the acquisition, development, and production of crude oil and natural gas in Western Canada and the Eagle Ford in the U.S.

Calgary, Alberta--(Newsfile Corp. - November 2, 2023) - 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, 2024 for shareholders of record on December 15, 2023.

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. 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/186142

FAQ

What is the dividend amount announced by Baytex Energy Corp.?

Baytex Energy Corp. has announced a quarterly cash dividend of CDN$0.0225 per share.

When will the dividend be paid?

The dividend will be paid on January 2, 2024.

What is the dividend designation for Canadian tax purposes?

The dividend is designated as an 'eligible dividend' for Canadian tax purposes.

What is the dividend designation for U.S. income tax purposes?

The dividend is considered a 'qualified dividend' for U.S. income tax purposes.

What does Baytex Energy Corp. do?

Baytex Energy Corp. is an energy company engaged in the acquisition, development, and production of crude oil and natural gas.

Where is Baytex Energy Corp. headquartered?

Baytex Energy Corp. is headquartered in Calgary, Alberta.

Where are the offices of Baytex Energy Corp. located?

Baytex Energy Corp. has offices in Houston, Texas.

On which stock exchanges do Baytex's common shares trade?

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