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Do you like the comfort that dividend income can bring? For ideas on how to search for interesting dividend stocks, we ran a screen.

We screened the S&P 500 for stocks paying dividend yields above 1%. We then screened for those with bullish sentiment from institutional buying, with net positive purchases in the quarter representing at least 5% of share float. This indicates "smart money" investors are bullish on these names' prospects.

Interactive Chart: Press Play to compare changes in dividend yield over the last two years for the stocks mentioned below.

Do you think these stocks pay reliable dividends? Use this list as a starting point for your own analysis.

1. Abercrombie & Fitch Co. (NYSE:ANF): Operates as a specialty retailer of casual apparel for men, women, and kids. Market cap at $3.77B, most recent closing price at $47.38. Net institutional purchases in the current quarter at 4.5M shares, which represents about 6.15% of the company's float of 73.19M shares. Dividend yield at 1.44%. The top 2 holders of the stock are Wellington Management, and FMR, LLC.

3. Cliffs Natural Resources Inc. (NYSE:CLF): Produces iron ore pellets, lump and fines iron ore, and metallurgical coal products. Market cap at $5.32B, most recent closing price at $37.35. Net institutional purchases in the current quarter at 12.0M shares, which represents about 8.49% of the company's float of 141.27M shares. Dividend yield at 6.6%. The top 2 holders of the stock are Capital World Investors, and The Vanguard Group.

5. Health Care REIT, Inc. (NYSE:HCN): Engages in investment, development, and management of properties. Market cap at $15.97B, most recent closing price at $61.49. Net institutional purchases in the current quarter at 34.0M shares, which represents about 13.15% of the company's float of 258.59M shares. Dividend yield at 4.77%. The top 2 holders of the stock are The Vanguard Group, and State Street Capital.

*Institutional data sourced from Fidelity

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Business relationship disclosure: Business relationship disclosure: Kapitall is a team of analysts. This article was written by Sabina Bhatia, one of our writers. We did not receive compensation for this article (other than from Seeking Alpha), and we have no business relationship with any company whose stock is mentioned in this article.

Source: 3 S&P 500 Dividend Stocks Being Snapped Up By Hedge Funds