Baytex Energy Stock To Go Ex-dividend Tomorrow (BTE)

NEW YORK ( TheStreet) -- The ex-dividend date for Baytex Energy (NYSE: BTE) is tomorrow, May 27, 2011. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $55.33 as of 9:31 a.m. ET, the dividend yield is 4.4%.

The average volume for Baytex Energy has been 322,600 shares per day over the past 30 days. Baytex Energy has a market cap of $6.4 billion and is part of the basic materials sector and energy industry. Shares are up 19.1% year to date as of the close of trading on Wednesday.

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 41.9, below the average energy industry P/E ratio of 50.6 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 and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Baytex Energy Ratings Report.

See our dividend calendar or top-yielding stocks list.

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