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Baidu Authorizes $5 Billion Buyback, Adopts First Dividend Policy

The move formalizes a multi-year framework linking shareholder returns to operating performance.

Overview

  • Baidu’s board approved a share repurchase program of up to US$5 billion, effective through December 31, 2028.
  • Repurchases will occur periodically via open-market transactions or other lawful methods, subject to regulations and market conditions.
  • The company adopted its first dividend policy and expects to declare an initial payout in 2026, with timing and amount determined by the board.
  • Future dividends will be funded primarily by operating profits, with potential supplementation from non-core asset sales and investment returns.
  • The board will regularly review the buyback program and may adjust its terms or size, while Baidu cautioned that outcomes could differ due to risk factors.