Cleco (CNL) Declares $0.225 Quarterly Dividend; 3.7% Yield

October 30, 2009 10:49 AM EDT

Cleco Corporation (NYSE:CNL) today declared regular quarterly dividend of $0.225, or $0.90 annualized, on the companies common stock.

The dividend is payable on November 16, 2009, to shareholders of record at the close of business on November 9, 2009. The ex-dividend date is November 5, 2009.

Yield on the dividend is 3.7%.

Cleco Corporation, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Louisiana.

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