$BYSD Bayside Corporation (OTC: BYSD) an energy exploration, development and production company Bayside Corporation announces that the Board of Directors of the company in a meeting held February 25, 2013 authorized the dividend of its wholly owned subsidiary, Bayside Petroleum Company, Inc., to its shareholders as of February 28, 2013. Further, a Written Consent of a Majority of Shareholders, with 82% of the voting stock voting in favor thereof, approved this spin out.