SOURCE: Cleco Corp.

Cleco Corp.

January 28, 2011 11:05 ET

Cleco Corp. Declares Regular Common and Preferred Dividends

PINEVILLE, LA--(Marketwire - January 28, 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   $0.25   Feb. 07, 2011   Feb. 15, 2011
             
4.5% Preferred Stock   $1.125   Feb. 15, 2011   Mar. 01, 2011

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. For more information about Cleco, visit www.cleco.com.

Contact Information

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

    Media Contact:
    Fran Phoenix
    (318) 484-7467

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