It also allows Fortis to pay a lucrative yield that continues to grow. For 42 years, Fortis has increased the dividend. In 2005, its dividend was only $0.59 per year. Fast forward to 2015, and the dividend was $1.40 per share. But it's 2016, and that means management increased the dividend again by 7%. It now pays $0.40 per share a quarter. Management expects to increase the dividend by at least 6% per year through 2020.