Incolink CEO announces annual dividend figures

Incolink Chief Executive Officer Erik Locke announced the figures for Incolink’s inaugural dividend payment at the PPTEU National Conference, held at PICAC in Melbourne’s inner north on Thursday.

In front of representatives from around the country, Locke confirmed that the Incolink board has approved a dividend rate of 5% for eligible members in FY2024-25.

To receive a dividend payment, members must meet the following criteria

• Have received a contribution into their Incolink account in the 2024-25 financial year
• Meet the minimum dividend threshold of $50. (This equates to an average minimum balance of approximately $1000.)

For Mr Locke, it was a demonstration of the value of Incolink members and their invaluable contribution to the country, as well as the stability and sound investment by Incolink as the nation’s oldest and largest workers’ entitlement fund within the construction industry.

“It is through our status and the strength of our members that we are able to offer this dividend payment for the first time”, said Mr Locke at PICAC on Thursday.

“This important reform also forms part of a suite of initiatives including our Dispute Resolution Process, Customer Service Charter, and Membership Rights documents that place us at the forefront of industry when it comes to being ready for the regulation of our sector.”

Incolink members can view the details and FAQ’s of the dividend payment here.

Incolink’s dividend program will commence on Monday 8 December through to 15 December, with a staggered release for members across the country. All eligible members will be contacted by Incolink via email when they are able to claim their dividend.