TECO Energy (TE) Raises Dividend

TECO Energy, Inc. (TE) today announced that the Board of Directors set a 2011 dividend rate of $0.85 per share, up 3.7% from the current $0.82 per share. Subject to quarterly Board declarations, a quarterly dividend of $0.215 per share will be payable for the remaining three quarters of 2011.

Shares of TECO are currently down 0.40% at $17.64 per share during Thursday afternoon trading.

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