Cleco Corporation declares quarterly dividend

PINEVILLE, La., Oct. 22, 2015 - 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 Nov. 16, 2015 payment. 

Cleco has paid dividends to its shareholders since 1935. Below is a summary of the dividend payment declared by the board of directors:

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 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 10 generating units with a total nameplate capacity of 3,333 megawatts. Cleco Power serves approximately 286,000 customers in Louisiana through its retail business, and it supplies wholesale power in Louisiana and Mississippi. On Oct. 20, 2014, Cleco Corporation announced that it had entered into an agreement to be acquired by a North American investor group led by Macquarie Infrastructure and Real Assets and by British Columbia Investment Management Corporation. Louisiana Public Service Commission approval of the transaction is pending. For more information about Cleco, visit www.cleco.com.
           

Analyst & Investor Contact
Tom Miller
Office: 318.484.7642
[email protected]

Media Contact
Robbyn Cooper
Office: 318.484.7136
[email protected]
 
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