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

NEW YORK ( TheStreet) -- The ex-dividend date for Baytex Energy (NYSE: BTE) is Monday, August 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $47.13 as of 9:30 a.m. ET, the dividend yield is 5%.

The average volume for Baytex Energy has been 352,000 shares per day over the past 30 days. Baytex Energy has a market cap of $5.6 billion and is part of the basic materials sector and energy industry. Shares are up 1.5% 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 57.8, above the average energy industry P/E ratio of 27.6 and above the S&P 500 P/E ratio of 17.7.
  • Practice your dividend trading strategies and win cash in our stock game.

TheStreet Ratings rates Baytex Energy as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, impressive record of earnings per share growth, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Baytex Energy Ratings Report.

See our dividend calendar or top-yielding stocks list.

null

More from Markets

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home