TAMPA, Fla., May 05, 2010 (BUSINESS WIRE) --TECO Energy, Inc. (NYSE:TE) announced today that its Board of Directors
has approved an increase to the company's quarterly dividend. The
dividend will increase to 20.5 cents per share from 20 cents per share.
The dividend is payable May 28 to shareholders of record as of May 14.
The increase brings TECO Energy's annual dividend rate to $0.82 per
share, a two-cent, or 2.5%, increase.
Chairman and CEO Sherrill Hudson said, "We are proud of the
accomplishments of the entire TECO Energy team. Together, their hard
work made this dividend increase possible. We are pleased to resume
growing the dividend after the economic downturn and difficult financial
markets in 2009. This action reflects confidence in our earnings growth
TECO Energy, Inc. (NYSE:TE) is an energy-related holding company. Its
principal subsidiary, Tampa
Electric Company, is a regulated utility in Florida with both
electric and gas divisions (Tampa
Electric and Peoples
Gas System). Other subsidiaries include TECO Coal, which owns and
operates coal production facilities in Kentucky and Virginia, and TECO
Guatemala, which is engaged in electric power generation and
distribution and energy-related businesses in Guatemala.
SOURCE: TECO Energy, Inc.
TECO Energy, Inc.
News Media: Rick Morera, 813-228-4945
Investors: Mark Kane, 813-228-1772