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Vector dividend rises again on ‘strong’ result

Electricity distributor exits gas trading ‘to concentrate on playing a leading role in energy transition’.

Vector chief executive Simon Mackenzie.

NBR Staff Tue, 27 Aug 2024
Key points
  • Revenue: Up 5.4% to $1.14b
  • Net profit: Down 19% to $91m
  • Key takeaway: Full-year dividend payout of 24c a share, up from 22.25c.

Auckland lines company Vector has announced a 40% increase in its final dividend payout, plus a special dividend, as operating profits grew 14% for the year to June.

The electricity distributor described its result as “strong … underlined by solid business performance and progress against a

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NBR Staff Tue, 27 Aug 2024
Contact the Writer: editor@nbr.co.nz
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Key points
  • Revenue: Up 5.4% to $1.14b
  • Net profit: Down 19% to $91m
  • Key takeaway: Full-year dividend payout of 24c a share, up from 22.25c.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Vector dividend rises again on ‘strong’ result
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