Cleco Corp. declares regular common and preferred dividends
PINEVILLE, La., - The Board of Directors of Cleco Corp. (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 10, 2010 |
May 15, 2010 |
|
4.5% Preferred Stock |
$1.125 |
May 17, 2010 |
June 1, 2010 |
The $0.25 per common share dividend represents an 11 percent increase over the previous quarterly dividend of $0.225 per common share.
Cleco 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.