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NEW YORK ( TheStreet) -- The ex-dividend date for Baytex Energy (NYSE: BTE) is Tuesday, May 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $45.99 as of 9:30 a.m. ET, the dividend yield is 5.7%. The average volume for Baytex Energy has been 280,500 shares per day over the past 30 days. Baytex Energy has a market cap of $5.46 billion and is part of the basic materials sector and energy industry. Shares are down 17.6% year to date as of the close of trading on Thursday. Baytex Energy Corp., an oil and gas company, engages in the acquisition, development, and production of oil and natural gas in the western Canadian Sedimentary Basin and the United States. It offers heavy oil, light oil, and natural gas liquids. The company has a P/E ratio of 20.6, below the average energy industry P/E ratio of 20.7 and above the S&P 500 P/E ratio of 17.7.