Tandy Leather clarifies ex-dividend date for special dividend

On January 29, 2025, Tandy Leather (TLF) Factory announced that its Board of Directors had declared the payment of a special cash dividend to its stockholders of $1.50 per share of common stock held. The dividend will be paid on or about February 18, 2025. 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 19, 2025, 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.