Tandy Leather shares surge 15.13% intraday after announcing $0.75 special dividend, second in two years.

Tandy Leather Factory Inc. surged 15.13% intraday after announcing a $0.75 per share special dividend, payable on February 24, 2026, to shareholders of record as of February 9. This marks the company’s second special dividend in two years, following a $1.50 payout in February 2025 after selling its headquarters. CEO Johan Hedberg highlighted recent operational milestones, including a successful relocation to a new distribution center and the opening of a flagship store in Fort Worth. The move signals confidence in the company’s liquidity and strategic initiatives, despite a negative free cash flow yield. The dividend announcement, coupled with plans to discuss fourth-quarter results in late February, likely spurred investor optimism, driving the sharp intraday rally.