Updating FPL GROUP INC., CONAGRA FOODS INC., T. ROWE PRICE GROUP INC. and WINDSTREAM CORP.

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FPL GROUP INC. $47 has raised its quarterly dividend by 5.8%, to $0.50 a share from $0.4725. The new annual rate of $2.00 yields 4.3%. Florida power regulators recently rejected most of the rate hikes that the company requested for 2010. However, FPL gets just over half of its earnings from its non-regulated businesses, such as its NextEra Energy Resources subsidiary. NextEra is the largest operator of wind and solar-power projects in the U.S. Buy. CONAGRA FOODS INC. $25 will buy back $500 million of its stock. That’s equal to 5% of its $10.9-billion market cap. There is no deadline for these purchases. Best Buy. T. ROWE PRICE GROUP INC. $51 continues to benefit from rising stock markets. That’s because its fee income rises and falls with the value of the mutual funds it manages. Thanks to its improving outlook, the company has raised its dividend by 8.0%. The new annual rate of $1.08 a share yields 2.1%. Hold. WINDSTREAM CORP. $10 has…