General Electric (NYSE:GE) May Raise Dividend 30 Percent Says Goldman (NYSE:GS)

Based upon an assumption of an improved economic outlook, Goldman Sachs (NYSE:GS) said they believe General Electric Co. (NYSE:GE) could raise their dividend sometime soon as much as 30 percent.

Citing an upcoming annual outlook meeting by GE and a vital GE Capital outlook webcast, it may "refocus investors on potential for multi-year EPS growth at GECS, an Industrial upturn in 2012 and increasing impact from capital allocation," asserted Goldman.

They added concerning improved GECS fundamentals could "not only increase investor confidence in a strong 2011-2013 EPS recovery but also enhance visibility on resumption of the GECS dividend to the parent in 2012."

Goldman estimates that GESC 2011 pretax/net income will rise sharply in 2011 of $6.1 billion and $5.4 billion, soaring up from the $2.2 billion and $3.2 billion of 2010.

"GE historically announced dividend increases in December, though the company may prefer to wait until 2011 for improved visibility on the sustainability of the recovery," cautioned the giant financial institution.

GE was trading at $16.77, down by $0.01, or 0.03 percent as of 12:25 PM EST. Goldman has a price target on them of $19, and maintain a "Buy" rating on them.