Cleco Corp. Declares Regular Common and Preferred Dividends
April 30 2010 - 2:00PM
Marketwired
The Board of Directors of Cleco Corp. (NYSE: CNL) today declared
regular quarterly dividends on the company's common stock and
preferred stock. Following is a summary of dividend payments, as
declared:
Class of Stock Dividend Declared Record Date Payment Date
------------------------- ----------------- -------------- --------------
Common Stock $0.25 May 10, 2010 May 15, 2010
4.5% Preferred Stock $1.125 May 17, 2010 June 1, 2010
The $0.25 per common share dividend represents an 11 percent
increase over the previous quarterly dividend of $0.225 per common
share.
Cleco has a dividend reinvestment plan which allows dividends on
its common and preferred stock to be reinvested in additional
shares of common stock at market price. Brokerage commissions and
administrative fees are incurred on dividend purchases.
Cleco Corp. is a regional energy company headquartered in
Pineville, La. It operates a regulated electric utility company,
Cleco Power LLC, which serves about 277,000 retail customers across
Louisiana. Cleco also operates a wholesale energy business, Cleco
Midstream Resources LLC, which includes the pending sale of Acadia
Power Station Unit 2. This year marks the 75th anniversary of Cleco
Power serving Louisiana customers. For more information about
Cleco, visit www.cleco.com.
Analyst Contact: Cleco Corporation Russell Davis (318)
484-7501 Email Contact Investor Contact: Rodney Hamilton
(318) 484-7593 Email Contact Media Contact: Cleco
Corporation Fran Phoenix (318) 484-7467
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