Cleco Corp. : Cleco raises its quarterly dividend for fifth time since 2010 Shareholders to receive 7 percent increase in dividend payments PINEVILLE, La., April 25, 2013 - Cleco Corporation (NYSE: CNL) today announced that its board of directors voted to raise the quarterly dividend from $0.3375 per share to $0.3625 per share on its common stock for the May 15, 2013 payment. This new amount represents a 7 percent increase in the current quarterly dividend and is Cleco's fifth dividend increase in the past three years. The new dividend amount on an annualized basis totals $1.45 per share. "This dividend increase highlights our strong financial position and commitment to increasing shareholder value," said Bruce Williamson, Cleco Corporation's president and CEO. "Our confidence in our core business enables us to raise our dividend and puts us at a payout ratio of approximately 58 percent, which is at the top end of our payout ratio based on the midpoint of our current year's earnings guidance." Cleco has paid dividends to its shareholders since 1935. Below is a summary of the dividend payment, as declared by the board of directors: Class of Stock Dividend Declared Record Date Payment Date Common Stock $0.3625 May 7, 2013 May 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 of2,565 megawatts. Cleco Power serves approximately 283,000customers 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 twonatural gas-firedgenerating units with a total nameplate capacity of 775 megawatts. For more information about Cleco, visit www.cleco.com. Analyst & Investor Contact: Tom Miller (318) 484-7642 Media Contact Robbyn Cooper (318) 484-7136 ### ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Cleco Corp. via Thomson Reuters ONE HUG#1696669
Cleco Corp. : Cleco raises its quarterly dividend for fifth time since 2010
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