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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
1 mins to read

Special dividend for Vector shareholders

Gain of $1.5b on metering transaction delivers debt reduction as well as cash payout.

Vector chair Jonathan Mason.

NBR Staff Fri, 25 Aug 2023

Shareholders of Auckland electricity lines company Vector, including thousands of Auckland residents, will receive a special dividend of 5.5c a share, or $55 million, after the sale of a 50% stake in its smart metering business completed on June 30.

The payout was announced alongside Vector’s full

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NBR Staff Fri, 25 Aug 2023
Contact the Writer: editor@nbr.co.nz
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Special dividend for Vector shareholders
Investment,
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