Aerovate Therapeutics declares special cash dividend, estimated $2.40 per share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 09 2025
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Special Cash Dividend Announcement: Aerovate Therapeutics has declared a special cash dividend of $69.6 million, approximately $2.40 per share, in connection with its merger with Jade Biosciences, payable to stockholders of record as of April 25.
Dividend Characterization: The cash dividend is expected to be classified as a return of capital rather than a traditional dividend, as Aerovate does not anticipate having current or accumulated earnings and profits.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
