The board of directors of FPL Group, Inc. today increased the quarterly common stock dividend from 54 cents to 56 cents a share. The dividend is payable March 15 to stockholders of record Feb. 23.

Today's board action raises the annual dividend to $2.24 and marks the 221st consecutive quarterly dividend paid to common stockholders over the past 55 years.

FPL Group, with annual revenues of more than $7 billion, is one of the nation's largest providers of electricity-related services. Its principal subsidiary, Florida Power & Light Company, serves 3.9 million customer accounts in Florida. FPL Energy, LLC, its U.S. and international energy- generating subsidiary, is a leader in producing electricity from clean and renewable fuels. Information is available on the Internet at http://www.fplgroup.com/, http://www.fpl.com/, and http://www.fplenergy.com/.

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SOURCE: FPL Group, Inc.