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Analysts follow the buying trends of institutional investors such as hedge fund managers and mutual fund managers (a.k.a. the smart money) because they have access to sophisticated research and are very experienced in choosing investments.

We ran a screen on dividend stocks that are technically oversold, with RSI(14) below 40. We screened these stocks for those seeing significant net institutional buying over the current quarter.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Do you agree with the smart money on these names? Use this list as a starting-off point for your own analysis.

List sorted by dividend yield.

1. DDI Corp. (NASDAQ:DDIC): Provides printed circuit board (PCB) engineering and manufacturing services primarily in North America. Market cap of $138.79M. Dividend yield at 5.86%, payout ratio at 34.68%. RSI(14) at 37.82. Net institutional shares purchased over the current quarter at 665.7K, which is 4.91% of the company's 13.56M share float. It's been a rough couple of days for the stock, losing 12.88% over the last week.

2. SK Telecom Co. Ltd. (NYSE:SKM): Provides wireless telecommunications services using code division multiple access (OTCPK:CDMA) and wide-band CDMA technologies. Market cap of $8.77B. Dividend yield at 5.80%, payout ratio at 48.82%. RSI(14) at 29.23. Net institutional shares purchased over the current quarter at 3.9M, which is 7.50% of the company's 52.01M share float. It's been a rough couple of days for the stock, losing 11.09% over the last week.

3. Destination Maternity Corporation (NASDAQ:DEST): Engages in the design and retail of maternity apparel. Market cap of $170.53M. Dividend yield at 5.43%, payout ratio at 28.01%. RSI(14) at 32.39. Net institutional shares purchased over the current quarter at 1.1M, which is 11.21% of the company's 9.81M share float. The stock is a short squeeze candidate, with a short float at 5.6% (equivalent to 6.22 days of average volume). It's been a rough couple of days for the stock, losing 7% over the last week.

4. IDT Corporation (NYSE:IDT): Operates as a telecommunications and energy company. Market cap of $443.71M. Dividend yield at 4.77%, payout ratio at 29.37%. RSI(14) at 37.69. Net institutional shares purchased over the current quarter at 676.3K, which is 4.36% of the company's 15.50M share float. The stock is currently stuck in a downtrend, trading 7.42% below its SMA20, 13.06% below its SMA50, and 23.5% below its SMA200. It's been a rough couple of days for the stock, losing 10.07% over the last week.

5. Communications Systems Inc. (NASDAQ:JCS): Manufactures and sells modular connecting and wiring devices, and media and rate conversion products. Market cap of $106.47M. Dividend yield at 4.75%, payout ratio at 40.17%. RSI(14) at 36.80. Net institutional shares purchased over the current quarter at 506.3K, which is 8.79% of the company's 5.76M share float. It's been a rough couple of days for the stock, losing 11.37% over the last week.

6. Meredith Corp. (NYSE:MDP): Engages in magazine publishing and related brand licensing, television broadcasting, integrated marketing, interactive media, and video production businesses in the United States. Market cap of $993.66M. Dividend yield at 4.68%, payout ratio at 33.61%. RSI(14) at 33.0. Net institutional shares purchased over the current quarter at 3.9M, which is 10.14% of the company's 38.47M share float. It's been a rough couple of days for the stock, losing 10.69% over the last week.

7. Hillenbrand, Inc. (NYSE:HI): Manufactures, distributes, and sells funeral service products to licensed funeral directors operating licensed funeral homes. Market cap of $1.12B. Dividend yield at 4.26%, payout ratio at 45.47%. RSI(14) at 34.73. Net institutional shares purchased over the current quarter at 2.9M, which is 4.98% of the company's 58.26M share float. The stock is a short squeeze candidate, with a short float at 5.51% (equivalent to 8. days of average volume). It's been a rough couple of days for the stock, losing 8.88% over the last week.

8. NL Industries Inc. (NYSE:NL): Operates in the component products industry in the United States, Canada, and Taiwan. Market cap of $578.57M. Dividend yield at 4.21%, payout ratio at 23.34%. RSI(14) at 34.03. Net institutional shares purchased over the current quarter at 291.5K, which is 4.40% of the company's 6.63M share float. The stock is a short squeeze candidate, with a short float at 5.78% (equivalent to 8.09 days of average volume). It's been a rough couple of days for the stock, losing 10.26% over the last week.

9. MeadWestvaco Corporation (NYSE:MWV): Provides packaging solutions to the healthcare, personal care and beauty, food, beverage, home and garden, tobacco, and commercial print industries worldwide. Market cap of $4.28B. Dividend yield at 3.99%, payout ratio at 49.05%. RSI(14) at 35.75. Net institutional shares purchased over the current quarter at 6.6M, which is 4.12% of the company's 160.12M share float. It's been a rough couple of days for the stock, losing 9.56% over the last week.

10. MicroFinancial Inc. (NASDAQ:MFI): Operates as a specialized commercial finance company that provides microticket equipment leasing and rental, and other financing services in the United States. Market cap of $75.01M. Dividend yield at 3.80%, payout ratio at 36.79%. RSI(14) at 36.64. Net institutional shares purchased over the current quarter at 239.5K, which is 3.70% of the company's 6.48M share float. The stock has gained 40.64% over the last year.

11. Quaker Chemical Corporation (NYSE:KWR): Develops, produces, and markets formulated chemical specialty products for various heavy industrial and manufacturing applications. Market cap of $333.83M. Dividend yield at 3.69%, payout ratio at 33.59%. RSI(14) at 29.88. Net institutional shares purchased over the current quarter at 1.6M, which is 13.11% of the company's 12.20M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.56). It's been a rough couple of days for the stock, losing 13.26% over the last week.

12. Chase Corp. (NYSEMKT:CCF): Engages in the manufacture and sale of specialty tapes, laminates, sealants, and coatings for various applications worldwide. Market cap of $89.60M. Dividend yield at 3.50%, payout ratio at 32.48%. RSI(14) at 32.29. Net institutional shares purchased over the current quarter at 365.0K, which is 5.69% of the company's 6.41M share float. The stock is currently stuck in a downtrend, trading 12.53% below its SMA20, 21.75% below its SMA50, and 35.06% below its SMA200. It's been a rough couple of days for the stock, losing 9.75% over the last week.

13. SureWest Communications (NASDAQ:SURW): Provides telecommunications, digital video, Internet, data, and other facilities-based communications services in northern California, the greater Kansas City, and Kansas and Missouri areas. Market cap of $131.46M. Dividend yield at 3.43%, payout ratio at 37.19%. RSI(14) at 34.04. Net institutional shares purchased over the current quarter at 1.1M, which is 8.54% of the company's 12.88M share float. It's been a rough couple of days for the stock, losing 21.92% over the last week.

14. Artio Global Investors Inc. (NYSE:ART): A publicly owned asset management holding company. Market cap of $419.06M. Dividend yield at 3.41%, payout ratio at 15.82%. RSI(14) at 31.45. Net institutional shares purchased over the current quarter at 1.3M, which is 4.80% of the company's 27.10M share float. The stock is a short squeeze candidate, with a short float at 7.87% (equivalent to 6.73 days of average volume). It's been a rough couple of days for the stock, losing 17.68% over the last week.

15. Magna International, Inc. (NYSE:MGA): Operates as an automotive supplier in North America, Europe, and internationally. Market cap of $7.69B. Dividend yield at 3.15%, payout ratio at 18.94%. RSI(14) at 30.74. Net institutional shares purchased over the current quarter at 9.0M, which is 3.90% of the company's 230.59M share float. The stock is currently stuck in a downtrend, trading 13.21% below its SMA20, 22.61% below its SMA50, and 34.4% below its SMA200. It's been a rough couple of days for the stock, losing 16.65% over the last week.

16. Bank of Kentucky Financial Corp. (NASDAQ:BKYF): Operates as the holding company for The Bank of Kentucky that provides various financial product and solutions. Market cap of $143.03M. Dividend yield at 2.91%, payout ratio at 28.73%. RSI(14) at 38.53. Net institutional shares purchased over the current quarter at 336.9K, which is 6.11% of the company's 5.51M share float. It's been a rough couple of days for the stock, losing 5.13% over the last week.

17. Arch Coal Inc. (NYSE:ACI): Engages in the production and sale of steam and metallurgical coal from surface and underground mines located throughout the United States As of December 31, 2010, it operated or contracted out the operation of 23 active mines; and owned or controlled approximately 4. Market cap of $3.24B. Dividend yield at 2.89%, payout ratio at 44.66%. RSI(14) at 28.23. Net institutional shares purchased over the current quarter at 33.9M, which is 16.0% of the company's 211.86M share float. It's been a rough couple of days for the stock, losing 25.27% over the last week.

18. Jefferies Group Inc. (JEF): Operates as a securities and investment banking company in the Americas, Europe, and Asia. Market cap of $2.12B. Dividend yield at 2.43%, payout ratio at 23.91%. RSI(14) at 29.67. Net institutional shares purchased over the current quarter at 23.3M, which is 11.24% of the company's 207.35M share float. The stock is currently stuck in a downtrend, trading 17.23% below its SMA20, 26.09% below its SMA50, and 43.98% below its SMA200. It's been a rough couple of days for the stock, losing 17.04% over the last week.

19. Prosperity Bancshares Inc. (PRSP): Operates as the holding company for Prosperity Bank that provides retail and commercial banking services to small and medium-sized businesses and consumers. Market cap of $1.53B. Dividend yield at 2.15%, payout ratio at 23.74%. RSI(14) at 36.31. Net institutional shares purchased over the current quarter at 3.1M, which is 7.20% of the company's 43.06M share float. The stock is a short squeeze candidate, with a short float at 13.39% (equivalent to 18.52 days of average volume). It's been a rough couple of days for the stock, losing 10.04% over the last week.

20. City National Corp. (NYSE:CYN): Operates as the bank holding company for City National Bank that provides a range of banking, investing, and trust services to small to mid-sized businesses, entrepreneurs, professionals, and affluent individuals. Market cap of $2.01B. Dividend yield at 2.11%, payout ratio at 20.01%. RSI(14) at 30.80. Net institutional shares purchased over the current quarter at 1.5M, which is 3.20% of the company's 46.92M share float. It's been a rough couple of days for the stock, losing 11.84% over the last week.

*Institutional data sourced from Fidelity, all other data sourced from Finviz.

Source: 20 Oversold Dividend Stocks Being Snapped Up By Smart Money