Baytex Confirms Monthly Dividend for March at $0.22 Per Share
March 15 2012 - 4:15PM
Marketwired
Baytex Energy Corp. (TSX:BTE) (NYSE:BTE) announces that a cash
dividend of $0.22 per common share in respect of March operations
will be paid on April 13, 2012 to shareholders of record on March
30, 2012. The ex-dividend date is March 28, 2012. 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$0.2219 per share assuming a foreign exchange rate of 1.0086
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 5.0% based on the closing price of our
common shares on the Toronto Stock Exchange on March 14, 2012 of
$52.30.
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.
The common shares of Baytex Energy Corp. are traded on the
Toronto Stock Exchange and the New York Stock Exchange under the
trading symbol BTE.
All dollar amounts in this press release are Canadian dollars
unless otherwise identified.
Contacts: Baytex Energy Corp. Anthony Marino President and Chief
Executive Officer (587) 952-3100 Baytex Energy Corp. Derek
Aylesworth Chief Financial Officer (587) 952-3120 Baytex Energy
Corp. Brian Ector Vice President, Investor Relations (587) 952-3237
Toll Free Number: 1-800-524-5521 www.baytex.ab.ca
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