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Cleco Corp. declares regular common and preferred dividends

Oct 29, 2010

PINEVILLE, La.,  - 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


 May 10, 2010

 May 15, 2010

 4.5% Preferred Stock


 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.