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Apr 29, 2011

Cleco Corp. declares regular common and preferred dividends

  • Common stock dividend increased 12 percent 

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

$0.28

May 9, 2011

May 16, 2011

4.5% Preferred Stock

$1.125

May 16, 2011

June 1, 2011

The declaration of the $0.28 quarterly dividend on common stock represents a 12 percent increase in the current quarterly dividend of $0.25.  Cleco has paid dividends since 1935.

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.