SOURCE: Cleco Corp.

April 25, 2008 15:00 ET

Cleco Corporation Declares Regular Common and Preferred Dividends

PINEVILLE, LA--(Marketwire - April 25, 2008) - 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     Dividend Declared     Record Date      Payment Date
--------------     -----------------     -----------      ------------

Common Stock            $0.225           May 5, 2008      May 15, 2008

4.5% Preferred Stock    $1.125          May 15, 2008      June 1, 2008

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 273,000 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:
    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