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Cleco Corp: Cleco Corporation Declares Regular Common and Preferred Dividends

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  Published in Business and Finance on Friday, July 31st 2009 at 9:40 GMT, Last Modified on 2009-07-31 09:41:08 by Market Wire
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PINEVILLE, LA--(Marketwire - July 31, 2009) - 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 Record Payment Class of Stock Declared Date Date -------------- -------- ------ ------- Common Stock $0.225 August 10, 2009 August 17, 2009 4.5% Preferred Stock $1.125 August 17, 2009 September 1, 2009 

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 276,000 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 ].