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Do you like to be able to rely on a stock's dividend income? If so, be sure to check that the company's profitability is healthy enough to continue paying their dividend into the future.

With this idea in mind, we ran a screen on stocks paying dividend yields above 2% and sustainable payout ratios below 50% for those with low-debt, indicated by total debt/equity ratios below 0.30.

We then screened these names for those with strong profitability compared to industry peers, with higher gross, operating, and pretax margins than their industry averages by at least 5% on each margin. This indicates that these companies are taking a greater percentage of their revenues as profits, and they also have stronger control over their cost structures.

Interactive Chart: Press Play to compare changes in market cap 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.

List sorted by difference between pretax profit margin and industry average.

1. Westamerica Bancorp. (WABC): Operates as the holding company for Westamerica Bank that provides various banking services to individual and corporate customers in northern and central California. Market cap at $1.27B, most recent closing price at $44.77. Dividend yield at 3.27%, payout ratio at 47.63%. Total debt/equity at 0.28. TTM gross margin at 92.86% vs. industry average at 74.07%. TTM operating margin at 63.16% vs. industry average at 40.45%. TTM pretax margin at 44.95% vs. industry average at 23.65%.

2. Citizens & Northern Corp. (CZNC): Operates as the holding for Citizens & Northern Bank, which provides various banking and mortgage products and services to individual and corporate customers in north central Pennsylvania and southern New York. Market cap at $211.91M, most recent closing price at $17.59. Dividend yield at 4.61%, payout ratio at 30.18%. Total debt/equity at 0.03. TTM gross margin at 84.5% vs. industry average at 74.07%. TTM operating margin at 52.11% vs. industry average at 40.45%. TTM pretax margin at 42.37% vs. industry average at 23.65%.

3. National Bankshares Inc. (NKSH): Operates as the holding company for the National Bank of Blacksburg, a chartered national bank that provides a range of retail and commercial banking services to individuals, businesses, non-profits, and local governments in Virginia. Market cap at $204.73M, most recent closing price at $29.26. Dividend yield at 3.53%, payout ratio at 38.45%. Total debt/equity at 0. TTM gross margin at 79.83% vs. industry average at 73.76%. TTM operating margin at 55.13% vs. industry average at 40.36%. TTM pretax margin at 40.39% vs. industry average at 23.65%.

4. Analog Devices Inc. (ADI): Engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits used in industrial, communication, computer, and consumer applications. Market cap at $11.38B, most recent closing price at $37.61. Dividend yield at 3.14%, payout ratio at 36.92%. Total debt/equity at 0.23. TTM gross margin at 69.7% vs. industry average at 60.23%. TTM operating margin at 34.37% vs. industry average at 22.62%. TTM pretax margin at 33.74% vs. industry average at 20.96%.

5. RPC Inc. (RES): Provides a range of oilfield services and equipment to the oil and gas companies primarily in the United States. Market cap at $2.3B, most recent closing price at $10.49. Dividend yield at 3.06%, payout ratio at 17.51%. Total debt/equity at 0.23. TTM gross margin at 44.82% vs. industry average at 34.05%. TTM operating margin at 26.59% vs. industry average at 18.13%. TTM pretax margin at 26.13% vs. industry average at 13.79%.

6. USA Mobility, Inc. (USMO): Provides wireless communications solutions to the healthcare, government, enterprise, and emergency response sectors in the United States. Market cap at $284.06M, most recent closing price at $12.80. Dividend yield at 7.79%, payout ratio at 25.39%. Total debt/equity at 0.11. TTM gross margin at 66.57% vs. industry average at 58.89%. TTM operating margin at 28.01% vs. industry average at 20.6%. TTM pretax margin at 26.25% vs. industry average at 14.78%.

7. Intel Corporation (INTC): Engages in the design, manufacture, and sale of integrated circuits for computing and communications industries worldwide. Market cap at $143.02B, most recent closing price at $28.14. Dividend yield at 2.94%, payout ratio at 33.02%. Total debt/equity at 0.16. TTM gross margin at 74.58% vs. industry average at 60.23%. TTM operating margin at 31.83% vs. industry average at 22.62%. TTM pretax margin at 31.86% vs. industry average at 20.96%.

8. MTS Systems Corp. (MTSC): Supplies test systems and industrial position sensors in the Americas, Europe, and Asia. Market cap at $741.64M, most recent closing price at $42.08. Dividend yield at 2.13%, payout ratio at 26.47%. Total debt/equity at 0.18. TTM gross margin at 45.81% vs. industry average at 35.96%. TTM operating margin at 15.81% vs. industry average at 9.52%. TTM pretax margin at 15.86% vs. industry average at 10.52%.

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

Source: 8 Low-Debt Dividend Stocks With Strong Profitability