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NEW YORK ( TheStreet) -- The ex-dividend date for Baytex Energy (NYSE: BTE) is tomorrow, January 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 $59.14 as of 9:59 a.m. ET, the dividend yield is 4.5%. 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 4.4% 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 57.8, above the average energy industry P/E ratio of 30.5 and above the S&P 500 P/E ratio of 17.7.