SOURCE: Cleco Corp.

April 20, 2007 15:01 ET

Cleco Corporation Declares Regular Common and Preferred Dividends

PINEVILLE, LA -- (MARKET WIRE) -- April 20, 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
Class of Stock            Declared       Record Date     Payment Date
--------------------      --------     --------------    ------------

Common Stock               $0.225      April 30, 2007    May 15, 2007

4.5% Preferred Stock       $1.125      May 15, 2007      June 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
    Michael Burns
    (318) 484-7663