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.