NEW YORK (

TheStreet

) -- The ex-dividend date for

Baytex Energy

(NYSE:

BTE

) is Monday, February 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $58.42 as of 9:30 a.m. ET, the dividend yield is 4.6%.

The average volume for Baytex Energy has been 247,200 shares per day over the past 30 days. Baytex Energy has a market cap of $6.78 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 4.7% year to date as of the close of trading on Thursday.

Baytex Energy Corp., through its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in the Western Canadian Sedimentary Basin and the United States. The company has a P/E ratio of 58.2, above the average energy industry P/E ratio of 30.5 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Baytex Energy as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, expanding profit margins and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

Baytex Energy Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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