SOURCE: Cleco Corp.

October 19, 2007 12:18 ET

Cleco Corporation Declares Regular Common and Preferred Dividends

PINEVILLE, LA--(Marketwire - October 19, 2007) - 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    October 29, 2007   November 15, 2007
4.5% Preferred Stock  $1.125    November 15, 2007  December 1, 2007

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 268,000 customers across Louisiana. Cleco also operates a wholesale energy business with approximately 1,350 megawatts of generating capacity. For more information about Cleco, visit www.cleco.com.

Contact Information

  • Investor Contacts:
    Cleco Corporation:
    Ryan Gunter
    (318) 484-7724
    Shareholder Services:
    Rodney Hamilton
    (318) 484-7593

    Analyst Inquiries:
    Dresner Corporate Services
    Kristine Walczak
    (312) 780-7205

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