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Interested in stocks paying dividend income but don't know where to start? Here are some ideas you may find interesting.

We ran a screen on stocks paying high dividend yields above 4% and sustainable payout ratios below 50%. We screened these stocks for those with the most significant net insider purchases over the last six months.

With high dividend yield stocks, it is important to beware of "value traps," i.e. poorly performing stocks that appear to hold more value than they do. One idea is to check for insider purchases, which indicate that company insiders expect the stock to outperform.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the 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 think these stocks offer value? Use this list as a starting point for your own analysis.

List sorted by net insider purchases as a percent of share float.

1. DDI Corp. (DDIC): Provides printed circuit board engineering and manufacturing services primarily in North America. Market cap of $190.70M. Dividend yield at 5.12%, payout ratio at 41.34%. Net insider shares purchased over the last six months at 122.53K, which is 0.90% of the company's 13.55M share float. Might be undervalued at current levels, with a PEG ratio at 0.67, and P/FCF ratio at 14.53. The stock has lost 18.08% over the last year.

2. Community Trust Bancorp Inc. (CTBI): Operates as the holding company for Community Trust Bank, Inc. Market cap of $462.44M. Dividend yield at 4.14%, payout ratio at 49.37%. Net insider shares purchased over the last six months at 43.74K, which is 0.34% of the company's 12.70M share float. The stock has gained 7.11% over the last year.

3. SeaCube Container Leasing Ltd. (BOX-OLD): Operates as a container leasing company worldwide. Market cap of $296.76M. Dividend yield at 6.52%, payout ratio at 47.74%. Net insider shares purchased over the last six months at 25.75K, which is 0.23% of the company's 10.98M share float. The stock has gained 8.71% over the last year.

*Insider data sourced from Yahoo! Finance, all other data sourced from Finviz.

Source: Insiders Are Buying These 3 High Dividend Stocks