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Cleco Corp. declares regular common and preferred dividends

  • Common stock dividend increased 12 percent 

PINEVILLE, La., April 29, 2011 - 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.

Cleco Corp. is a regional energy company headquartered in Pineville, La. It operates a regulated electric utility company, Cleco Power LLC, which serves about 279,000 retail customers across Louisiana.  Cleco also operates a wholesale energy business, Cleco Midstream Resources LLC.  For more information about Cleco, visit www.cleco.com

Analyst Contact:
Russell Davis
(318) 484-7501
Russell.Davis@cleco.com

Investor Contact:
Rodney Hamilton
(318) 484-7593
Rodney.Hamilton@cleco.com

Media Contact:
Cleco Corp.
Fran Phoenix
(318) 484-7467


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