SOURCE: Cleco Corp

Cleco Corp

April 30, 2010 15:00 ET

Cleco Corp. Declares Regular Common and Preferred Dividends

PINEVILLE, LA--(Marketwire - April 30, 2010) -  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 May 10, 2010 May 15, 2010
       
4.5% Preferred Stock $1.125 May 17, 2010 June 1, 2010

The $0.25 per common share dividend represents an 11 percent increase over the previous quarterly dividend of $0.225 per common share.

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 277,000 retail customers across Louisiana. Cleco also operates a wholesale energy business, Cleco Midstream Resources LLC, which includes the pending sale of Acadia Power Station Unit 2. This year marks the 75th anniversary of Cleco Power serving Louisiana customers. For more information about Cleco, visit www.cleco.com.

Contact Information

  • Analyst Contact:
    Cleco Corporation
    Russell Davis
    (318) 484-7501
    Email Contact

    Investor Contact:
    Rodney Hamilton
    (318) 484-7593
    Email Contact

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