Cleco Corporation (CNL) Ex-Dividend Date Scheduled for August 02, 2013

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Cleco Corporation ( CNL ) will begin trading ex-dividend on August 02, 2013. A cash dividend payment of $0.3625 per share is scheduled to be paid on August 15, 2013. Shareholders who purchased CNL stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 7.41% increase over the same period a year ago. At the current stock price of $48.51, the dividend yield is 2.99%.

The previous trading day's last sale of CNL was $48.51, representing a -2.04% decrease from the 52 week high of $49.52 and a 26.13% increase over the 52 week low of $38.46.

CNL is a part of the Public Utilities sector, which includes companies such as Southern Company ( SO ) and NextEra Energy, Inc. ( NEE ). CNL's current earnings per share, an indicator of a company's profitability, is $2.65. Zacks Investment Research reports CNL's forecasted earnings growth in 2013 as 1.79%, compared to an industry average of 5.5%.

For more information on the declaration, record and payment dates, visit the CNL Dividend History page.

Interested in gaining exposure to CNL through an Exchange Traded Fund [ETF]?
The following ETF(s) have CNL as a top-10 holding:

  • SPDR Russell 2000 Low Volatility ( SMLV )
  • Vanguard Scottsdale Funds Vanguard Russell 2000 Value ETF ( VTWV )
  • iShares Russell 2000 Value Index Fund ( IWN ).

The top-performing ETF of this group is VTWV with an increase of 10.93% over the last 100 days. SMLV has the highest percent weighting of CNL at 1.96%.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , Stocks

Referenced Stocks: CNL , IWN , NEE , SMLV , SO , VTWV

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