Seeking Alpha
Value, growth, long-term horizon, medium-term horizon
Profile| Send Message|
( followers)  

Do you like relying on a stock's dividend income? For ideas on how to search for dividend stocks, we ran a screen you may find interesting.

We screened dividend stocks that pay yields above 1% and sustainable payout ratios below 50% for those exhibiting the "golden cross" technical signal in which the stock's 50-day moving average crosses above its 200-day MA.

We then screened these names for those with significant net institutional purchases over the current quarter, indicating that hedge fund managers and mutual funds expect these names to outperform.

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

1. Atlantic Power Corporation (NYSE:AT): Owns interest in various power projects and a transmission line in the United States. Dividend yield at 7.90%, payout ratio at 18.75%. SMA50 at $14.25 vs. SMA200 at $14.11 (current price at $14.62). Net institutional purchases in the current quarter at 10.5M shares, which represents about 9.28% of the company's float of 113.09M shares.

2. Booz Allen Hamilton Inc. (NYSE:BAH): Provides professional services primarily to US government agencies in the defense, security, and civil sectors, as well as to corporations, institutions, and not-for-profit organizations. Dividend yield at 1.98%, payout ratio at 5.56%. SMA50 at $17.39 vs. SMA200 at $16.85 (current price at $18.23). Net institutional purchases in the current quarter at 2.2M shares, which represents about 7.15% of the company's float of 30.78M shares.

3. Chase Corp. (NYSEMKT:CCF): Engages in the manufacture and sale of specialty tapes, laminates, sealants, and coatings for various applications worldwide. Dividend yield at 2.14%, payout ratio at 31.48%. SMA50 at $14.32 vs. SMA200 at $13.66 (current price at $16.54). Net institutional purchases in the current quarter at 322.0K shares, which represents about 5.03% of the company's float of 6.40M shares.

4. Carriage Services Inc. (NYSE:CSV): Provides death care services and merchandise in the United States. Dividend yield at 1.67%, payout ratio at 10.89%. SMA50 at $5.78 vs. SMA200 at $5.72 (current price at $5.91). Net institutional purchases in the current quarter at 2.7M shares, which represents about 17.39% of the company's float of 15.53M shares.

5. Houston Wire & Cable Company (NASDAQ:HWCC): Distributes specialty wire and cable products in the U. Dividend yield at 2.49%, payout ratio at 31.67%. SMA50 at $14.09 vs. SMA200 at $13.47 (current price at $14.82). Net institutional purchases in the current quarter at 863.6K shares, which represents about 5.34% of the company's float of 16.17M shares.

6. Interactive Brokers Group, Inc. (NASDAQ:IBKR): Operates as an automated global electronic market maker and broker. Dividend yield at 2.52%, payout ratio at 28.49%. SMA50 at $15.23 vs. SMA200 at $15.06 (current price at $16.09). Net institutional purchases in the current quarter at 4.9M shares, which represents about 12.6% of the company's float of 38.89M shares.

7. Strayer Education Inc. (NASDAQ:STRA): Provides various academic programs through traditional classrooms and Internet. Dividend yield at 3.60%, payout ratio at 45.50%. SMA50 at $106.06 vs. SMA200 at $104.46 (current price at $112.31). Net institutional purchases in the current quarter at 874.5K shares, which represents about 7.78% of the company's float of 11.24M shares.

8. Washington Banking Co. (NASDAQ:WBCO): Operates as the bank holding company for Whidbey Island Bank that provides community commercial banking services in northwestern Washington. Dividend yield at 1.86%, payout ratio at 21.69%. SMA50 at $12.26 vs. SMA200 at $11.90 (current price at $13.09). Net institutional purchases in the current quarter at 654.8K shares, which represents about 5.4% of the company's float of 12.13M shares.

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

Source: Top 8 High-Momentum Dividend Stocks Bought By Hedge Funds