Key Developments: Cleco Corp (CNL.N)

CNL.N on New York Stock Exchange

53.27USD
23 Oct 2014
Price Change (% chg)

$0.13 (+0.24%)
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$53.14
Open
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$53.14
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$59.20
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Latest Key Developments (Source: Significant Developments)

Cleco Corp declares quarterly dividend
Tuesday, 21 Oct 2014 01:46pm EDT 

Cleco Corp:Declares a quarterly dividend of $0.40 per share on the company's common stock for the Nov. 17 payment.Record date Nov. 7.Payment date Nov. 17.  Full Article

Cleco Enters agreement to be acquired by North American Investor Group
Monday, 20 Oct 2014 05:02am EDT 

Cleco Corp:Announces that it has entered into a definitive agreement to be acquired by a group of North American long-term infrastructure investors led by Macquarie Infrastructure and Real Assets (MIRA) and British Columbia Investment Management Corporation (bcIMC).Says together with John Hancock Financial and other infrastructure investors.Says the agreement values Cleco at about $4.7 billion, including about $1.3 billion of assumed debt.Says under the terms of the agreement, the new owners will acquire all outstanding shares of Cleco Corporation for $55.37 per share in cash.Says the price represents about a 15 percent premium to Cleco's closing price of $48.27 on Oct. 17, the last trading day prior to the announcement of the agreement.Says the transaction is expected to close in the second half of 2015.  Full Article

Cleco Corp reaffirms FY 2014 EPS guidance - Conference call
Friday, 1 Aug 2014 08:30am EDT 

Cleco Corp:Says that despite one-time earnings adjustment related to FRP customer refund, the company is affirming its FY 2014 consolidated earnings guidance range of $2.65 to $2.75 per diluted share (EPS).FY 2014 EPS of $2.66 - Thomson Reuters I/B/E/S.  Full Article

Cleco Corp declares quarterly dividend
Thursday, 24 Jul 2014 06:02pm EDT 

Cleco Corp:Declares quarterly dividend of $0.40 per share on company's common stock for Aug. 15, 2014 payment.Record Date is Aug. 05, 2014.  Full Article

Cleco reaffirms FY 2014 EPS guidance - Conference Call
Tuesday, 29 Apr 2014 08:30am EDT 

Cleco Corp:Affirms FY 2014 earnings guidance of $2.65 to $2.75.FY 2014 EPS of $2.74 - Thomson Reuters I/B/E/S.  Full Article

Cleco Corp raises quarterly dividend
Thursday, 24 Apr 2014 07:10pm EDT 

Cleco Corp:Says that it has voted to raise the quarterly dividend to $0.40 per share from $0.3625 per share on its common stock for the May 15 payment.The new dividend amount on an annualized basis totals $1.60 per share.  Full Article

Cleco Corp reaffirms FY 2014 EPS guidance - Conference Call
Wednesday, 26 Feb 2014 08:30am EST 

Cleco Corp:Says FY 2014 consolidated operational earnings guidance of $2.65 to $2.75 per diluted share.FY 2014 EPS of $2.72 - Thomson Reuters I/B/E/S.  Full Article

Cleco Corp declares quarterly dividend
Thursday, 30 Jan 2014 06:30pm EST 

Cleco Corp:Says its board of directors declared a quarterly dividend of $0.3625 per share.Says it will be payable on Feb. 18.  Full Article

Cleco Corp gives FY 2014 EPS guidance in line with analysts' estimates
Tuesday, 3 Dec 2013 05:22pm EST 

Cleco Corp:Initiates FY 2014 consolidated operational earnings guidance in range of $2.65 to $2.75 per diluted share.FY 2014 EPS of $2.73 - Thomson Reuters I/B/E/S.  Full Article

Cleco Corp Raises Low End Of Prior FY 2013 EPS Guidance To A Range In Line With Analysts' Estimates-Conference Call
Thursday, 31 Oct 2013 08:30am EDT 

Cleco Corp narrowed its fiscal 2013 consolidated operational earnings guidance to a range of $2.50 to $2.55 per diluted share (EPS) from a range of $2.45 to $2.55 per diluted share. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $2.53 for fiscal 2013.  Full Article

Macquarie-led group to buy Louisiana utility Cleco

- An investor group led by Macquarie Infrastructure and Real Assets has agreed to buy Louisiana electricity supplier Cleco Corp in a deal valued at about $4.7 billion, including about $1.3 billion of assumed debt.

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