Tandy Leather shares surge 19.53% after-hours after declaring $0.75 special dividend.

Tandy Leather Factory (TLF) surged 19.53% in after-hours trading following the announcement of a $0.75 special cash dividend, payable on February 24, 2026, to shareholders of record on February 9. The board cited recent operational improvements, including a successful relocation to a new office and distribution center and the opening of a flagship store in Fort Worth, as well as prior dividend payouts. CEO Johan Hedberg highlighted the move as a continuation of shareholder returns following a $1.50 special dividend in February 2025. The news directly boosted investor sentiment, aligning with the stock’s sharp after-hours gain.