Cleco Corporation declares quarterly dividend
PINEVILLE, La. - Cleco Corporation (NYSE: CNL) today announced that its board of directors declared a quarterly dividend of $0.3375 per share on the company's common stock.
Below is a summary of the dividend payment declared by the board of directors:
|
Class of Stock |
Dividend Declared |
Record Date |
Payment Date |
|
Common Stock |
$0.3375 |
Feb. 5, 2013 |
Feb. 15, 2013 |
Cleco has paid dividends to its shareholders since 1935 and has increased its dividend by 50 percent since February 2010.
The company has a Dividend Reinvestment Plan (DRIP) which allows dividends on its common stock to be reinvested in additional shares of common stock at market price. Under the DRIP, there are no administrative fees to purchase stock and reinvest dividends.