Why BioNTech Trounced the Market on Tuesday

BioNTech's (NASDAQ: BNTX) shares rose higher than that of the Nasdaq Composite index on Tuesday, which is impressive given that the latter vaulted a new all-time record. The company's stock advanced by 4.6% on the back of some happily surprising news for its investors.

In its annual shareholder meeting on Tuesday, BioNTech's COO and CFO Sierk Poetting revealed the company is considering a shareholder dividend.

"In the next financial year, the Management Board and the Supervisory Board will examine, in accordance with the legal and statutory provisions, whether and in what amount a resolution on the distribution of dividends should be proposed to the Annual General Meeting," he said.

Source Fool.com