Tandy Leather Factory's recent $26.5M headquarters sale could yield a $1.76 per share special dividend, offering a 38% return on the current $4.65 share price. Management's significant ownership and potential $4.6 M gain incentivize a special dividend payout, enhancing shareholder value. The company's estimated liquidation value is $5.71 per share, providing an 18% return if the special dividend is confirmed.