Quarterly Dividend of $0.34 Planned by Cleco Co. (CNL)
Cleco (NYSE:CNL) announced a quarterly dividend on Thursday, January 24th. Shareholders of record on Tuesday, February 5th will be paid a dividend of $0.34 per share on Friday, February 15th. This represents a $1.35 annualized dividend and a dividend yield of 3.22%.
Cleco (CNL) traded up 0.10% on Thursday, hitting $41.99. Cleco (CNL) has a 1-year low of $37.52 and a 1-year high of $45.30. The stock’s 50-day moving average is currently $40.86. The company has a market cap of $2.534 billion and a price-to-earnings ratio of 14.83.
Cleco last posted its quarterly earnings results on Tuesday, October 30th. The company reported $1.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.96 by $0.09. The company had revenue of $297.40 million for the quarter, compared to the consensus estimate of $346.20 million. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. Cleco has set its FY12 guidance at $2.40-2.46 EPS. Analysts expect that Cleco (CNL) will post $2.43 EPS for the current fiscal year.
Cleco Corporation is a public utility company, which holds investments in several subsidiaries. The Company operates in two business segments: Cleco Power and Midstream.
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