PINEVILLE, La., Oct. 24, 2013 - 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 Nov. 15, 2013 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||Nov. 5, 2013||Nov. 15, 2013|
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. It owns a regulated electric utility company, Cleco Power LLC, which owns and operates nine generating units with a total nameplate generating capacity of 2,565 megawatts. Cleco Power serves approximately 283,000 customers in Louisiana through its retail business. In addition, it serves 10 communities across Louisiana and Mississippi through wholesale power contracts. Cleco Corporation also owns a wholesale energy business, Cleco Midstream Resources LLC, which has two natural gas-fired generating units with a total nameplate capacity of 775 megawatts. For more information about Cleco, visit www.cleco.com.
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Source: Cleco Corp. via Thomson Reuters ONE