06:42 AM EDT, 10/28/2025 (MT Newswires) -- New Oriental Education & Technology Group ( EDU ) said Tuesday that it plans to repurchase up to $300 million of its American depository shares or common shares over the next 12 months.

The company said the buybacks may occur in the open market, through private transactions, block trades, or other legal methods, depending on market conditions.

It said that repurchases will be funded from its existing cash reserves, and that the board will review the program periodically and may adjust it accordingly.

Additionally, New Oriental said it would pay a cash dividend of $0.12 per share in two installments totaling about $190 million.

The first installment of $0.06 per share will be paid on Dec. 2 to shareholders of record as of Nov. 18, while the second installment of the same amount will be paid roughly six months later, with the record date to be announced.