Vector Limited
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Vector Limited (NZX: VCT) is a multi-network infrastructure company in New Zealand. It is the number one provider of electricity distribution, number one provider of gas transmission and distribution, number one provider of electricity and gas metering, number two wholesaler of LPG and number three wholesaler of natural gas.
Its customers hold 75.1% of its shares through the Auckland Energy Consumer Trust, and 24.9% of its shares are traded on the NZX. An annual dividend of around $150 is paid to each customer. The Trust's close relationship with its board of directors has been under scrutiny by the media and the New Zealand Commerce Commission in recent years. [1]
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