Baytex Confirms Monthly Dividend for April at $0.22 Per Share
CALGARY, ALBERTA -- (Marketwired) -- 04/15/14 -- Baytex Energy
Corp. (TSX: BTE) (NYSE: BTE) reports that a cash dividend of $0.22
per common share in respect of April operations will be paid on May
15, 2014 to shareholders of record on April 30, 2014. The ex-dividend
date is April 28, 2014. 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$0.2006
per share assuming a foreign exchange rate of $0.9116 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 5.8% based on the closing price of our common
shares on the Toronto Stock Exchange on April 14, 2014 of $45.79.
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.baytexenergy.com 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 88% 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. The subscription receipts issued by
Baytex to fund a portion of the purchase price for Aurora Oil & Gas
Limited trade on the Toronto Stock Exchange under the symbol BTE.R.
All dollar amounts in this press release are Canadian dollars unless
Baytex Energy Corp.
Vice President, Capital Markets
Toll Free Number: 1-800-524-5521
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