Auckland Energy Consumer Trust beneficiaries could get more than $320 next month. Photo / Mark Mitchell
Auckland Energy Consumer Trust beneficiaries could get more than $320 next month. Photo / Mark Mitchell
More than 300,000 Auckland power customers could get more than $320 next month from the trust which is the main owner of the Vector lines company.
The electricity and gas distributor yesterday reported a 16.3 per cent rise in full-year operational net profit to $164.9 million. Its full-year dividend isup from 13.25c to 13.75c.
This should result in trust beneficiaries in Auckland City, Manukau City and parts of Papakura getting at least as much as last year's $320 dividend, and maybe more.
Those whose names are on the power bill, including tenants, can opt to receive a payment by cheque or direct deposit or a credit on their account.
Auckland Energy Consumer Trust chairman Warren Kyd said a meeting early next month would determine the final figure.
He said yesterday's Vector result augured well for a payout similar or better than last year.
