FPL Group, Inc. (NYSE:FPL) has declared a quarterly dividend of $0.50 per share of common stock. The dividend is payable on March 15, 2010. The record date is February 26, 2010. The company recently announced the sale of $500 million principal amount of 30 year first mortgage bonds. The bonds will bear interest at 5.69% per year, reaching maturity on March 1, 2040. They will be offered to the public at 99.866% of face value to yield 5.699% when held to maturity. The net proceeds from the sale will be added to the company’s general funds.
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FPL Group, Inc. (FPL Group) is a provider of electricity-related services. The Company has two principal operating subsidiaries, Florida Power & Light Company (FPL) and NextEra Energy Resources. FPL is a rate-regulated utility engaged primarily in the generation, transmission, distribution and sale of electric energy. NextEra Energy Resources is the Company’s competitive energy subsidiary, which produces the majority of its electricity from clean and renewable fuels. FPL Group Capital Inc. (FPL Group Capital), a wholly owned subsidiary of FPL Group, holds the capital stock of, or has equity interests in, FPL Group's operating subsidiaries, other than FPL, and provides funding for those subsidiaries, including NextEra Energy Resources. FPL FiberNet, LLC (FPL FiberNet), a wholly subsidiary of the Company, provides fiber-optic services to FPL, telecommunications companies and other customers throughout Florida.
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