SOURCE: Cleco Corp

Cleco Corp

October 30, 2009 10:41 ET

Cleco Corporation Declares Regular Common and Preferred Dividends

PINEVILLE, LA--(Marketwire - October 30, 2009) - The Board of Directors of Cleco Corporation (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:

                       Dividend          Record               Payment
Class of Stock         Declared           Date                  Date
--------------------   --------    ----------------     -----------------

Common Stock            $0.225     November 9, 2009     November 16, 2009

4.5% Preferred Stock    $1.125     November 16, 2009    December 1, 2009

The Company 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 that serves about 276,000 customers across Louisiana. Cleco also operates a wholesale energy business with approximately 1,350 megawatts of name plate capacity. For more information about Cleco, visit www.cleco.com.

Contact Information

  • Investor Contacts:
    Cleco Corporation:
    Russell Davis
    (318) 484-7501
    Shareholder Services:
    Rodney Hamilton
    (318) 484-7593

    Media Contact:
    Fran Phoenix
    (318) 484-7467