Entrust Dividend: A Unique Windfall for Aucklanders

The Entrust dividend is a yearly payment that has become an eagerly awaited event for hundreds of thousands of Auckland residents. Every September, those who qualify receive a generous sum, providing a significant financial boost to their households or businesses.

The Entrust dividend is unique in New Zealand. It's not a government handout but rather a distribution of profits from a publicly-owned lines company called Vector. Vector's primary business is electricity distribution, and its profits are shared with the people of Auckland through the Entrust dividend.

To qualify for the Entrust dividend, you must be a ratepayer in one of the following areas: Auckland Council, Manukau City Council, or Papakura District Council. You must also have been living at your property on a specific date (the qualification date), which is typically in July.

The Entrust dividend began in 1994 with a modest payout of $50. Since then, it has grown steadily, reaching a record high of $364 in 2023.

What makes the Entrust dividend particularly valuable is its stability. Even during economic downturns, Vector has consistently maintained a healthy profit, ensuring that the dividend has continued to flow to Aucklanders.

For many Aucklanders, the Entrust dividend is a welcome financial boost that can be used for a variety of purposes. Some people use it to pay bills, while others save it for a rainy day or invest in their future.

For businesses, the Entrust dividend can provide a much-needed cash injection to support growth, hire new staff, or purchase equipment.

Beyond its financial value, the Entrust dividend has also fostered a sense of community in Auckland. It's a reminder that we're all part of a larger ecosystem, and that the success of our city benefits everyone.

As the Entrust dividend continues to grow in the years to come, it will undoubtedly continue to play a significant role in the lives of Aucklanders. It's a testament to the power of public ownership and the importance of sharing the benefits of our collective resources.