T. Boone Pickens' Top Dividend Plays

T. Boone Pickens is a famous trader and investor specializing in oil-related companies. He earned $1.4 billion in 2005, making him one of the highest-paid hedge fund managers at the time. His BP Capital Management has generated enormous returns for investors.

As the price of oil makes all-time highs, investors should take a closer look at the income stocks that Pickens owns. With that in mind, Stockpickr has put together a list of the top dividend-paying stocks of T. Boone Pickens.

One of the high-yielding Pickens stocks is ConocoPhillips(COP Quote), which pays a dividend of 2%. The company is reportedly a front-runner in a bid for a gas reserves project in the United Arab Emirates. Its earnings call is scheduled for Jan. 23. The stock has a price-to-earnings (P/E) ratio of 13 and a P/E-to-growth (PEG) ratio of 0.8.

ConocoPhillips stock is also owned by Atticus Capital, a money management firm with $13 billion of assets under management. It also owns Union Pacific(UNP Quote), with a yield of 1.5%, Burlington Northern Santa Fe(BNI Quote), with a 1.6% yield, and MasterCard(MA Quote), which pays 0.3%. ...