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Cleco Corporation declares quarterly dividend

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PINEVILLE, La., July 24, 2014 - Cleco Corporation (NYSE: CNL) today announced that its board of directors declared a quarterly dividend of $0.40 per share on the company's common stock for the Aug. 15, 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 $0.40 Aug. 5, 2014 Aug. 15, 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/investorss.

Cleco Corporation is a public utility holding company headquartered in Pineville, La. Cleco owns a regulated electric utility company, Cleco Power LLC, which is engaged principally in the generation, transmission, distribution and sale of electricity primarily in Louisiana. Cleco Power owns 11 generating units with a total nameplate capacity of 3,340 megawatts. Cleco Power serves approximately 284,000 customers in Louisiana through its retail business and supplies wholesale power in Louisiana and Mississippi. For more information about Cleco, visit www.cleco.com.



Analyst & Investor Contact
Tom Miller
Office: 318.484.7642
tom.miller@cleco.com

Media Contact
Robbyn Cooper
Office: 318.484.7136
robbyn.cooper@cleco.com

 
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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

HUG#1837950

 

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