Cleco Corporation Declares Regular Common and Preferred Dividends
PINEVILLE, La., 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 |
February 8, 2010 |
February 15, 2010 |
|
4.5% Preferred Stock |
$1.125 |
February 16, 2010 |
March 1, 2010 |
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.