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Do you prefer stocks that pay part of their return in dividend income? For ideas on how to start your search, we ran a screen.

We began with stocks paying high dividend yields above 4% and sustainable payout ratios below 50%. We then screened for those with strong sales trends relative to inventory: increases in revenue exceeding changes in inventory year-over-year, as well as inventory comprising a smaller portion of current assets over the same time period.

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

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

1. BP plc (NYSE:BP): Provides fuel for transportation, energy for heat and light, retail services, and petrochemicals products. Dividend yield at 4.15%, payout ratio at 15.85%. Revenue grew by 14.71% during the most recent quarter ($96,343M vs. $83,988M y/y). Inventory grew by -2.12% during the same time period ($25,661M vs. $26,218M y/y). Inventory, as a percentage of current assets, decreased from 27.83% to 26.3% during the most recent quarter (comparing 3 months ending 2011-12-31 to 3 months ending 2010-12-31).

2. Friedman Industries Inc. (NYSEMKT:FRD): Engages in steel processing, pipe manufacturing and processing, and steel and pipe distribution activities in the United States. Dividend yield at 4.86%, payout ratio at 37.16%. Revenue grew by 18.79% during the most recent quarter ($36.99M vs. $31.14M y/y). Inventory grew by 5.76% during the same time period ($28.82M vs. $27.25M y/y). Inventory, as a percentage of current assets, decreased from 53.42% to 47.45% during the most recent quarter (comparing 3 months ending 2011-12-31 to 3 months ending 2010-12-31).

3. ONEOK Partners, L.P. (NYSE:OKS): Engages in the gathering, processing, storage, and transportation of natural gas in the United States. Dividend yield at 4.38%, payout ratio at 44.57%. Revenue grew by 33.6% during the most recent quarter ($3,135.2M vs. $2,346.63M y/y). Inventory grew by -36.25% during the same time period ($202.19M vs. $317.16M y/y). Inventory, as a percentage of current assets, decreased from 24.8% to 15.48% during the most recent quarter (comparing 3 months ending 2011-12-31 to 3 months ending 2010-12-31).

4. Statoil ASA (NYSE:STO): Engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products. Dividend yield at 4.10%, payout ratio at 25.25%. Revenue grew by 27.47% during the most recent quarter ($182,726M vs. $143,349M y/y). Inventory grew by 17.54% during the same time period ($27,770M vs. $23,627M y/y). Inventory, as a percentage of current assets, decreased from 16.01% to 14.02% during the most recent quarter (comparing 3 months ending 2011-12-31 to 3 months ending 2010-12-31).

*Accounting data sourced from Google Finance, all other data sourced from Finviz.

Source: 4 High Dividend Yield Stocks With Encouraging Inventory Trends