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Do you like to be able to rely on a stock's dividend income? For ideas on how to start your own dividend stock search, we ran a screen.

We began by screening for stocks paying big dividend yields above 4% and sustainable payout ratios below 50%.

We then screened 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.

(click to enlarge)

Tool provided by Kapitall.

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 margin and industry average.

1. 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 $206.4M, most recent closing price at $16.89. Dividend yield at 4.74%, payout ratio at 32.74%. TTM gross margin at 84.5% vs. industry average at 73.43%. TTM operating margin at 51.41% vs. industry average at 39.51%. TTM pretax margin at 42.37% vs. industry average at 24.28%.

2. Public Service Enterprise Group Inc. (PEG): Operates in the energy industry primarily in the northeastern and mid Atlantic United States. Market cap at $15.78B, most recent closing price at $31.20. Dividend yield at 4.55%, payout ratio at 48.61%. TTM gross margin at 36.12% vs. industry average at 28.47%. TTM operating margin at 27.% vs. industry average at 18.93%. TTM pretax margin at 21.15% vs. industry average at 12.43%.

3. American National Bankshares Inc. (AMNB): Operates as the bank holding company for American National Bank and Trust Company that provides various commercial, mortgage, and consumer banking products and services to individuals and businesses in Virginia and North Carolina. Market cap at $171.71M, most recent closing price at $21.93. Dividend yield at 4.20%, payout ratio at 49.10%. TTM gross margin at 81.23% vs. industry average at 73.43%. TTM operating margin at 45.14% vs. industry average at 39.51%. TTM pretax margin at 29.78% vs. industry average at 24.28%.

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

Source: 3 High Dividend Yield Stocks With Strong Profitability