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Do you value dividend income? For ideas on how to start your own search for interesting dividend stocks, we ran a screen.

We began with dividend stocks that pay dividend yields above 2% and sustainable payout ratios below 50%. We then screened these names for those rallying above their 20-day, 50-day and 200-day moving averages, indicating these stocks have strong upward momentum.

Finally, we screened to find those with the support of smart money investors, with significant net institutional purchases over the last quarter - with net purchases representing at least 5% of share float. This indicates that institutional investors such as hedge fund managers expect these names to outperform.

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 offer both value and growth? Use this list as a starting point for your own analysis.

List sorted by net institutional purchases over the last quarter as a percent of share float.

1. Symetra Financial Corporation (SYA): Operates as a financial services company in the life insurance industry in the United States. Market cap at $1.33B. Price at $11.57. Dividend yield at 2.49%, payout ratio at 13.13%. The stock is currently rallying 1.90% above its 20-day moving average, 8.68% above its 50-day MA, and 15.55% above its 200-day MA. Net institutional purchases in the current quarter at 18.1M shares, which represents about 13.23% of the company's float of 136.82M shares.

2. BlackRock, Inc. (BLK): Provides its services to institutional, intermediary and individual investors. Market cap at $35.56B. Price at $202.48. Dividend yield at 3.03%, payout ratio at 32.34%. The stock is currently rallying 0.12% above its 20-day moving average, 2.50% above its 50-day MA and 17.10% above its 200-day MA. Net institutional purchases in the current quarter at 12.0M shares, which represents about 7.31% of the company's float of 164.11M shares.

3. NL Industries Inc. (NL): Operates in the component products industry in the United States, Canada and Taiwan. Market cap at $671.99M. Price at $14.89. Dividend yield at 3.62%, payout ratio at 29.80%. The stock is currently rallying 1.43% above its 20-day moving average, 1.13% above its 50-day MA, and 5.16% above its 200-day MA. Net institutional purchases in the current quarter at 389.0K shares, which represents about 5.94% of the company's float of 6.55M shares.

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

Source: 3 Rallying Dividend Stocks Bought Up By Hedge Funds