ABB's Accelleron sees 50-70% dividend payout ratio

ZURICH - ABB turbocharging business Accelleron aims to distribute 50 to 70% of reported net income as dividends, and targets organic revenue growth 2–4% in the medium term, ABB said on Wednesday.

Accelleron's mid-term target on free cash flow conversion is 90–100%, and it aims for an operational EBITA margin of 23–26%, the company said ahead of a capital markets day.

ABB said in July it would spin off the business to shareholders with the aim of listing it on the SIX Swiss Stock Exchange in October.