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Cleco Corp. Declares Regular Common and Preferred Dividends

Jan 28, 2011

PINEVILLE, LA, (MARKETWIRE via COMTEX) -- 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   Feb. 07, 2011  Feb. 15, 2011
 4.5% Preferred Stock   $1.125   Feb. 15, 2011  Mar. 01, 2011  

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.