PINEVILLE, La., Jan. 30, 2014 - Cleco Corporation (CNL) today announced that its board of directors declared a quarterly dividend of $0.3625 per share on the company`s common stock for the Feb. 18, 2014 payment.
Cleco has paid dividends to its shareholders since 1935. 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||$0.3625||Feb. 11, 2014||Feb. 18, 2014|
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 2,565 megawatts and serves approximately 283,000 customers in Louisiana through its retail business and supplies wholesale power in Louisiana and Mississippi. Cleco Power has received federal and state regulatory approval to acquire two gas-fired generating units with a total nameplate capacity of 775 megawatts from its unregulated affiliate, Cleco Midstream Resources LLC. For more information about Cleco, visit www.cleco.com
Analyst & Investor Contact
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Cleco Corp. via GlobeNewswire