General Electric Co. said today that the company is expecting to raise its dividend next year. Keith Sherin, Chief Financial Officer of the company, shared this information with the investors on behalf of the company.

Sherin also said that he expects an increased net income for FY 2011. However, he did not provide a bigger picture on it as a particular level or the timing when the company plans to raise the dividend.

"We have very good visibility around our cash flow. If you think about 2011 for us, we believe we are going to have earnings growth," CFO Keith Sherin said in an investor conference.

General Electric, the largest maker of jet engines and electricity-producing turbines in the world, cut its quarterly as well as annual dividend in February 2009. The company took the decision as its earnings from continuing operations declined to $11.2 billion in 2009, decreasing by 38%. GE cut its quarterly dividend by 68% and annual dividend by 32% in February this year.

GE is expecting profit of $1.01 per share in 2010. On the other hand market analysts are estimating a profit of 99 cents per share for 2010 and $1.24 per share for 2011.