The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Marketwire

Baytex Confirms Monthly Dividend for May at $0.22 Per Share

Wednesday, May 15, 2013

Baytex Confirms Monthly Dividend for May at $0.22 Per Share

16:15 EDT Wednesday, May 15, 2013

CALGARY, ALBERTA--(Marketwired - May 15, 2013) - Baytex Energy Corp. (TSX:BTE) (NYSE:BTE) reports that a cash dividend of $0.22 per common share in respect of May operations will be paid on June 14, 2013 to shareholders of record on May 31, 2013. The ex-dividend date is May 29, 2013. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

The U.S. dollar equivalent dividend amount is approximately US$0.2168 per share assuming a foreign exchange rate of $0.9854 USD/CAD. The actual U.S. dollar equivalent dividend for shareholders who hold through a brokerage firm will be based on the exchange rate in effect on the payment date and net of applicable Canadian withholding taxes. Registered shareholders are paid directly by Baytex's transfer agent, Valiant Trust Company, and the actual U.S. dollar equivalent dividend will be based on the exchange rate in effect on the record date and net of applicable Canadian withholding taxes.

The annualized dividend of $2.64 per share represents a dividend yield of approximately 6.8% based on the closing price of our common shares on the Toronto Stock Exchange on May 14, 2013 of $38.58.

Baytex has a Dividend Reinvestment Plan that provides a convenient and cost-effective method for eligible holders in Canada and the United States to maximize their investment in Baytex by reinvesting their monthly cash dividends to acquire additional common shares. For further information regarding the Dividend Reinvestment Plan, please visit our website at www.baytex.ab.ca or contact Valiant Trust Company at 1-866-313-1872.

Baytex Energy Corp. is a dividend-paying oil and gas corporation based in Calgary, Alberta. 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 Williston Basin in the United States. Approximately 89% of Baytex's production is weighted toward crude oil. Baytex pays a monthly dividend on its common shares which are traded on the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE.

All dollar amounts in this press release are Canadian dollars unless otherwise identified.

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information:
Baytex Energy Corp.
Brian Ector
Vice President, Investor Relations
Toll Free Number: 1-800-524-5521
investor@baytex.ab.ca
www.baytex.ab.ca

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections