Tandy Leather Factory, Inc. Clarifies Ex-Dividend Date for Special Dividend

Rhea-AI Summary

Tandy Leather Factory (Nasdaq: TLF) clarified the ex-dividend date for its special cash dividend of $0.75 per share declared Feb 3, 2026. The special dividend is payable on or about Feb 24, 2026, and the ex-dividend date is stated as Feb 25, 20265, per Nasdaq UPC Rule 11140. The company noted shares will trade without the dividend right on that ex-date and that the share price will be adjusted accordingly.

Positive

• Special cash dividend of $0.75 per share declared
• Dividend represents a >25% payment relative to market price
• Payment scheduled on or about Feb 24, 2026

Negative

• Ex-dividend date listed as Feb 25, 20265 (apparent typo)
• Share price will be adjusted downward on the ex-dividend date

FORT WORTH, Texas, Feb. 06, 2026 (GLOBE NEWSWIRE) -- On February 3, 2026, Tandy Leather Factory, Inc. (the “Company”, Nasdaq: TLF) announced that its Board of Directors had declared the payment of a special cash dividend to its stockholders of $0.75 per share of common stock held. The dividend will be paid on or about February 24, 2026.

Because the dividend amount is more than 25% of the current market price of the Company’s common stock, the ex-dividend date will be February 25, 20265, in accordance with Nasdaq UPC Rule 11140. On that date, the Company’s common stock will begin trading without the right to receive the special dividend, and the price will be adjusted accordingly.

Tandy Leather Factory, Inc. (http://www.tandyleather.com), headquartered in Fort Worth, Texas, is a specialty retailer of a broad product line, including leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. The Company distributes its products through its 101 North American stores located in 40 US states and six Canadian provinces, and one store located in Spain. Its common stock trades on the Nasdaq Capital Market under the symbol “TLF”. To be included on Tandy Leather Factory's email distribution list, go to: http://www.b2i.us/irpass.asp?BzID=1625&to=ea&s=0.

Contact: Jeff Gramm, Tandy Leather Factory, Inc.  (817) 872-3200 or jeff@banderapartners.com

This news release may contain statements regarding future events, occurrences, circumstances, activities, performance, outcomes and results that are considered "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results and events may differ from those projected as a result of certain risks and uncertainties. These risks and uncertainties include but are not limited to: changes in general economic conditions, negative trends in general consumer-spending levels, failure to realize the anticipated benefits of opening retail stores; availability of hides and leathers and resultant price fluctuations; change in customer preferences for our product, and other factors disclosed in our filings with the Securities and Exchange Commission.  These forward-looking statements are made only as of the date hereof, and except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

FAQ

What special dividend did Tandy Leather Factory (TLF) declare on Feb 3, 2026?

The company declared a $0.75 per share special cash dividend. According to Tandy Leather Factory, the payment is scheduled on or about Feb 24, 2026 and applies to common shareholders of record.

When is the ex-dividend date for TLF's special dividend and what does it mean for shareholders?

The ex-dividend date is stated as Feb 25, 20265 in the release, meaning shares trade without dividend rights on that date. According to Tandy Leather Factory, the stock price will be adjusted downward to reflect the special dividend.

How much of TLF's market price does the $0.75 special dividend represent?

The release says the dividend amount is more than 25% of the current market price. According to Tandy Leather Factory, that threshold triggers the ex-dividend timing under Nasdaq UPC Rule 11140.

How and when will TLF pay the special dividend to shareholders?

Tandy Leather Factory plans to pay the special cash dividend on or about Feb 24, 2026. According to Tandy Leather Factory, shareholders of record before the ex-dividend date will receive the payment.

Will TLF shares be adjusted on the ex-dividend date and why?

Yes; the share price will be adjusted to remove the dividend value on the ex-dividend date. According to Tandy Leather Factory, this reflects that shares will trade without the right to the special dividend.