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Stock Market & Financial Investment News

News Breaks
October 30, 2012
17:33 EDTCNLCleco reports Q3 EPS $1.05, consensus 96c
Reports Q3 revenue $298.30M, consensus $346.18M.
News For CNL From The Last 14 Days
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April 24, 2014
19:10 EDTCNLCleco raises quarterly dividend, raises target range for dividend payout ratio
Cleco Corporation announced that its board voted to raise the quarterly dividend to 40c per share from 36.25c per share on its common stock for the May 15 payment. The new dividend amount on an annualized basis totals $1.60 per share. Cleco also announced that it will now target a dividend payout ratio of 55%-65%. This represents a 5% increase from its previous target ratio of 50%-60%.

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