SOURCE: Cleco Corp

Cleco Corp

January 29, 2010 12:30 ET

Cleco Corporation Declares Regular Common and Preferred Dividends

PINEVILLE, LA--(Marketwire - January 29, 2010) - 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:

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

Common Stock          $0.225     February 8, 2010     February 15, 2010

4.5% Preferred
 Stock                $1.125     February 16, 2010    March 1, 2010

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

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