Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search


331,000 Aucklanders receive $350 Entrust

331,000 Aucklanders receive $350 Entrust
dividend this week
New Zealand’s largest dividend distribution is underway this week as Entrust, majority shareholder of Vector, pays its annual community dividend to 331,000 homes and business.

The annual payment, paid every year around this time, delivers nearly $116 million to the hardworking people and businesses in the Entrust district, with much of it spent in local neighbourhoods.

The dividend is driven by the financial performance of Vector. Also added to the Entrust dividend payment this year is $30 from Vector, which is customers’ fair share of the credit received from Transpower, known as loss rental rebates.

Entrust Chairman, William Cairns says that over the past 25 years Entrust dividends have increased from $115 to the current year’s $350.

“Vector’s nationwide investments in smart metering technologies, gas trading and telecommunications have strongly contributed to its diversification strategy and growth in value, which is reflected in dividend growth.

“It is very pleasing to be able to support our community through the dividend, which we know makes such a difference to so many. The Entrust team is proud to have had such a lasting and positive impact on Aucklanders and the Auckland economy - to the tune of $1.6 billion – since 1993, when the trust was formed.

“Entrust is committed to maintaining its stake in Vector, as well as the ongoing payment of dividends to the community, based on Vector’s financial performance. We are not selling down. End of story.

“Even though the dividend is steady this year at $350, there are more people and businesses living and operating in the Entrust district. Population growth, means that we are contributing an additional $1.4 million to the local economy compared to 2017,” says Mr Cairns.

Most have chosen to receive their dividend via direct credit to their bank account. This group gets access to their money straight away. Others will receive their dividend via a cheque in the post in the coming days depending on mail delivery schedules, or by credit to their power account.

Entrust protects Aucklanders’ investment in Vector. There is strong support for Entrust across the Auckland region, with 78% of all Aucklanders believing the Entrust structure should remain.


About Entrust

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


'Public Safety': Next Firearms Reform Plan Announced

The next Arms Amendment Bill will:

• Establish a register of firearms and licence holders to be rolled out over 5 years
• Tighten the rules to get and keep a firearms licence
• Tighten the rules for gun dealers to get and keep a licence
• Require licences to be renewed every five years
• Introduce a new system of warning flags so Police can intervene and seek improvement if they have concerns about a licence holder’s behaviour
• Prohibit visitors to New Zealand from buying a gun... More>>


'ClimbIt Crisis: Greenpeace Climbers Seek OMV Majestic Centre HQ

The two Greenpeace climbers who are scaling the outside of the tallest building in Wellington have unfurled the first of a series of banners. More>>


Suspect Was Also Kicked: Shots Fired To Warn Fleeing Driver Not Justified

The Independent Police Conduct Authority has found that an officer's decision to fire three warning shots to stop a fleeing driver from reversing towards him was not justified. More>>


Gordon Campbell: On Being Australia's Pacific Go-Fers

Inevitably, there was an aspect of ‘what might have been’ about the weekend’s meeting in Canberra between PM Jacinda Ardern and her Australian counterpart, Scott Morrison... More>>


RNZ: Trades Hall Bombing Case Re-Opened, Evidence Released

The cold case has been reopened and the police have recently revealed more details about the bomb's components - including that it was wrapped in a 1977 edition of The Evening Post. More>>

Safety: Govt Targets Fewer Deaths On The Road

“Most roads deaths and serious injuries are preventable and too many New Zealanders have lost their lives or been seriously injured in crashes that could have been prevented by road safety upgrades,” said Associate Transport Minister Julie Anne Genter. More>>


Pay Rise Delay: Teachers Unions Plan Legal Action Against Novopay

Both of the teachers unions - NZEI and the PPTA - have confirmed they will be taking legal action against Novopay. More>>


Gordon Campbell: On What’s Wrong With Wellington

For many Wellingtonians, it hasn’t been the normal hardships – the workings of central government and the lousy weather – that have recently pushed their tolerance into the red zone. It has been the inability of local government to maintain even the basics. More>>


Emission Statement: 'Consensus Reached' On Agriculture

Today the Government launched a consultation document, informed by the work of the Interim Climate Change Committee (ICCC), on how to bring agriculture into the emissions trading scheme, a key part of the Government’s plan to tackle climate change and reduce New Zealand’s emissions. More>>





InfoPages News Channels