Baidu plans to repurchase up to $5 billion worth of shares and expects to pay dividends for the first time in 2026.

2026-02-05 05:31:07

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On the morning of February 5th, Baidu Group announced on the Hong Kong Stock Exchange that the company’s board of directors has approved a new share repurchase plan, authorizing the repurchase of up to $5 billion worth of company shares, valid until December 31, 2028. The repurchases can be conducted through open market transactions or other legal means.

In addition, to further enhance shareholder returns, Baidu Group’s board of directors has approved the adoption of a dividend policy for the company’s common stock for the first time. This dividend policy includes regular and special dividends. The board expects to announce the first dividend payment in 2026. Baidu Group stated that the funds for dividend payments will mainly come from operating profits and may be supplemented by proceeds from the sale of non-core assets and other investment returns.

According to Baidu Group’s Q3 2025 financial report, as of September 30, 2025, Baidu Group’s total cash and investments amounted to 296.4 billion yuan. Baidu Group defines total cash and investments as cash, cash equivalents, restricted funds, net short-term investments, long-term fixed deposits, held-to-maturity investments, and adjusted long-term investments.

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