Baidu To Buy Back Up To $5 Bln Shares, Plans First Payment Of Dividend In 2026; Shares Up

Baidu.com Inc. (BIDU), a Chinese AI and internet company, announced that its Board of Directors has approved a new $5 billion share repurchase program and a dividend policy, citing its substantial cash reserves and sound financial management capabilities.In pre-market activity on the Nasdaq, the shares were gaining around 4.5 percent to trade at $144.20, after closing Wednesday's trading 4.8 percent lower at $137.95.In a statement, the company said the new share repurchase program for up to $5 billion will ...