Tandy Leather Factory Clarifies Ex-Dividend Date for Special Dividend

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Tandy Leather Factory, Inc. has announced that its Board of Directors has declared a special cash dividend of $0.75 per share of common stock, to be paid on or about February 24, 2026. Due to the dividend amount exceeding 25% of the current market price, the ex-dividend date will be February 25, 2026, in accordance with Nasdaq rules.

Why it matters

This special dividend payout represents a significant return of capital to Tandy Leather Factory shareholders. The ex-dividend date change is an important technical detail for investors to be aware of, as it will impact the pricing and trading of the company's stock around the dividend payment.

The details

Tandy Leather Factory, a specialty retailer of leather products and related tools, announced the special $0.75 per share dividend on its common stock. The company noted that because the dividend amount exceeds 25% of the current market price, the ex-dividend date will be February 25, 2026, rather than the typical ex-dividend date. This means the company's stock will begin trading without the right to receive the special dividend on that date, and the stock price will be adjusted accordingly.

• Tandy Leather Factory announced the special dividend on February 3, 2026.
• The special dividend of $0.75 per share will be paid on or about February 24, 2026.
• The ex-dividend date will be February 25, 2026.

What’s next

Investors who own Tandy Leather Factory shares on the February 24, 2026 record date will be eligible to receive the special $0.75 per share dividend payment.