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Goldman Sachs raised its price targets on the S&P 500 yesterday. The investment bank sees current central bank policies and a rotation from bonds to equities continuing to lift the market. The investment firm also continues to be positive on dividend paying stocks. Included in the note from Goldman Sachs were 10 of the bank's favorite dividend paying equities. Here are two of those "top 10" dividend payers that I like as well.

General Electric (NYSE:GE): This huge multinational conglomerate pays a dividend of 3.2% and has raised its payout some ~90% since the end of the financial crisis. The company recently announced GE Capital will pay a $6.5 billion dividend payout to the parent as GE's finance arm continues to improve. With its recent moves to shed its media businesses for ~$17 billion to Comcast (NASDAQ:CMCSA) and buying Lufkin Industries (NASDAQ:LUFK) for ~$3.3 billion, GE now primarily consists of three business lines: medical technology, big ticket industrial manufacturing (e.g., jet engines), and energy services. This configuration should benefit from faster growing demand in the emerging markets and the continued energy production expansion in North America. The shares go for less than 13x 2014's projected earnings, and the stock has a very reasonable five-year projected PEG (1.27) for a stock yielding north of 3%.

Western Union (NYSE:WU): This global leader in money transfers has gained some fans recently, including a nice piece in Barron's 10 days ago. TheStreet also just reiterated its "Buy" rating on the stock. WU yields 3% and has more than tripled its payout over the past five years. The company should be buoyed by an improving U.S. housing and construction market, which should increase remittances to Mexico. The company has beat on bottom-line estimates for four straight quarters. The average beat over consensus during that time period has averaged ~11%. The shares are not expensive at 10.5x 2014's projected earnings and ~7.5x current operating cash flow. Insiders have bought over 50,000 shares since November as well.

Source: 2 Selections From Goldman Sachs' Top Dividend Stocks