Cleco increases its quarterly dividend by 11.6 percent
"This increase in the dividend reflects our confidence in the earnings power and financial strength of Cleco," said Bruce Williamson, president and CEO of Cleco Corp. "Cleco has strong earnings, positive cash flow and unique, well-positioned assets to maintain reliable service to customers and deliver competitive returns to shareholders."
This is Cleco's third dividend increase since 2010. Cleco has paid dividends to its shareholders since 1935.
Below is a summary of the third-quarter dividend payment, as declared:
|Common Stock||$0.3125||Nov. 7, 2011||Nov. 15, 2011|