Cleco Corporation declares quarterly dividend
PINEVILLE, La., Oct. 25, 2012 - Cleco Corporation (NYSE: CNL) today announced that its board of directors declared a quarterly dividend of $0.3375 per share on the company's common stock.
Below is a summary of the dividend payment declared by the board of directors:
|Class of Stock||Dividend Declared||Record Date||Payment Date|
|Common Stock||$0.3375||Nov. 7, 2012||Nov. 15, 2012|
Cleco has paid dividends to its shareholders since 1935.
The company has a Dividend Reinvestment Plan (DRIP) which allows dividends on its common stock to be reinvested in additional shares of common stock at market price. Under the DRIP, there are no administrative fees to purchase stock and reinvest dividends. For more information about Cleco's DRIP, visit www.cleco.com/investors.
Cleco Corporation is a regional energy company headquartered in Pineville, La. Cleco owns a regulated electric utility company, Cleco Power LLC, which owns nine generating units with a total nameplate capacity of
2,524 megawatts and serves approximately 281,000
customers in Louisiana through its retail business and 10 communities across Louisiana and Mississippi through wholesale power contracts. Cleco also owns a wholesale energy business, Cleco Midstream Resources LLC, which owns two
generating units with a total nameplate capacity of 775 megawatts. For more information about Cleco, visit www.cleco.com.
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The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Cleco Corp. via Thomson Reuters ONE
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