New Oriental Education & Technology declares $1.20 per ADS dividend and $300M buyback

* New Oriental Education & Technology Group Inc. (OTCPK:NWOEF [https://seekingalpha.com/symbol/NWOEF]) declares $1.20/ADS dividend [https://seekingalpha.com/pr/20281361-new-oriental-announces-cash-dividend-and-share-repurchase-program] to be distributed in U.S. dollars in two installments.
* The first installment will be payable Dec 5; for shareholders of record Nov. 18; ex-div Nov. 18.
* The payment date for the second installment is expected to be around six months after the payment date of the first installment.
* The company also said that they may repurchase up to $300 million of its ADSs or common shares over the next 12 months.
* See NWOEF Dividend Scorecard, Yield Chart, & Dividend Growth. [https://seekingalpha.com/symbol/NWOEF/dividends?source=news_bullet]

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