Easy steps to claim your share of NZ’s largest dividend payment - the annual Entrust dividend

The mammoth task of preparing New Zealand’s largest dividend payment which is paid by Entrust to more than 368,000 power account holders in central, east, and south Auckland, is underway.

Entrust Chair Denise Lee, says that by checking their details now, Aucklanders in the Entrust District will receive their dividend in the payment format they prefer and without delay when it is paid later this year.

Eligible power account holders get to choose if they would like their dividend paid to their bank account or as a credit to their power account. To be eligible to receive the 2025 dividend, you must be a power account holder connected to Vector’s electricity network within the Entrust District on the roll date.

“It’s an easy process. Eligible power account holders can choose how to receive their dividend. Having up to date information now means that power account holders receive their dividend without delay when the dividend is paid later this year.”

Entrust is letting eligible Aucklanders know about the importance of updating their payment preference with letters and emails going out this week, as well as social media updates and advertising.

“By far the easiest and quickest way for people to update their payment preference is online via Entrust’s secure web platform. We know that our dividend is really appreciated and we want to make it really easy for people to receive it,” says Ms Lee.

Three easy steps to getting Entrust’s 2025 dividend:

  1. Check your letterbox or email inbox for the Entrust pack – out this week.
  2. If the account holder details are correct and you don’t want to change the payment method (direct credit to bank account or credit to power account) do nothing. Otherwise, update your payment details online via Entrust’s secure web platform, by 5:00pm on Friday 08 August. Change all other details such as your account name with your electricity retailer. 
  3. To receive future Entrust communications via email, check and update your email details with your electricity retailer.

The annual Entrust dividend provides a $120m+ cash injection to communities in central, east, and south Auckland. Since 1994, these communities have received more than $2 billion in dividends from Entrust that come from its majority ownership of listed energy company Vector.

For those unsure about their eligibility for this payment, check out the map and list of eligibility criteria along with FAQs at www.entrustnz.co.nz or www.facebook.com/entrustnz

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