New Oriental unveils dividend, $300m share buyback plan

New Oriental Education & Technology Group Inc. declared an ordinary cash dividend of $0.12 per common share ($1.2 per ADS) for its fiscal year 2026, payable in two installments. The first installment of $0.06 per common share ($0.6 per ADS) will be paid around December 2, 2025, for common shareholders and December 5, 2025, for ADS holders of record as of November 18, 2025. The second installment, also $0.06 per common share, is expected approximately six months after the first payment. The total aggregate dividend is projected to be $190m.

In parallel, New Oriental has adopted a share repurchase program, authorizing the company to buy back up to $300m of its ADSs or common shares over the next 12 months. Repurchases will occur in the open market, through privately negotiated transactions, or block trades, funded by existing cash balances. The board will periodically review and may adjust the program's terms and size.

The dividend and share repurchase program are part of a three-year shareholder return plan adopted in July 2025. For the first installment, transfer documents must be lodged with Computershare Hong Kong Investor Services Limited by 4:30 p.m. on November 18, 2025, with the ex-dividend date set for November 17, 2025.