Let be a power-bounded operator on a Banach space . We treat the sequence of polynomials such that the entire group generated by the fractional power operator is given by We provide a self-contained introduction to the polynomial family , for , whose coefficients are determined by means of a suitable recurrence relation. The sequence forms a family of Sheffer polynomials. For and , the sequence belongs to the Lebesgue sequence space of absolutely summable sequences. Moreover, these polynomials are closely related to the Lévy density functions defined for . Finally, we discuss several particular cases corresponding to specific values of , as well as applications to fractional powers in the Banach algebra , multiplication operators, and Cesàro means.

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