TLF News & Events

On January 29, 2025, Tandy Leather 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.

Tandy Leather announced that it had signed a purchase and sale agreement to sell its corporate headquarters facilities, including its primary distribution center and flagship retail store, to Colonna Brothers. The sale price for the facilities, before taxes and expenses, will be $26.5M, and the transaction is expected to close in January 2025. Upon the closing, the company intends to enter into lease agreements to remain in its current spaces until approximately September 2025, while it identifies and prepares to move to new facilities in the Fort Worth, Texas area.