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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


(COP) - Get ConocoPhillips Report

, 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) - Get Union Pacific Corporation Report

, with a yield of 1.5%,

Burlington Northern Santa Fe

( BNI), with a 1.6% yield, and

TheStreet Recommends


(MA) - Get Mastercard Incorporated Class A Report

, which pays 0.3%.

Another top stock owned by Pickens is


(GBX) - Get Greenbrier Companies, Inc. Report

, which makes and sells railroad freight car equipment. It just declared its regular quarterly dividend of 8 cents a share, which gives the stock a yield of about 1.7%. The company also just announced that earnings for the latest quarter increased by 41%. The stock has a P/E of 13.3 and a PEG of 0.96.

Greenbrier is in the portfolio of the

Keeley Small-Cap Value Fund

, a five-star Morningstar-rated fund managed by John Keeley. He also owns

Valmont Industries

(VMI) - Get Valmont Industries, Inc. Report

, which pays a 0.4% yield.

Occidental Petroleum

(OXY) - Get Occidental Petroleum Corporation Report

is another dividend-paying favorite. The company was upgraded last month by Friedman Billings from underperform to market perform. The stock, which hit a 52-week high on Jan. 3, offers a P/E of 13, a PEG of 1.2 and a yield of 1.3%.

Occidental is a favorite of

Ken Fisher

, a longtime


columnist and manager of Fisher Asset Management, which has $30 billion under management. Fisher also likes


(SI) - Get Silvergate Capital Corp. Class A Report

, which has a yield of 1.3%,

Baker Hughes


, at 0.7%, and

Goldman Sachs

(GS) - Get Goldman Sachs Group, Inc. Report

, at 0.7%.

To see more of Pickens' dividend-paying stocks, check out the

Oil, Pickens and Yields portfolio

at And for his entire stockholdings, check out the entire list of

T. Boone Pickens portfolio

, also at

At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of


LLC, a wholly owned subsidiary of and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the

Financial Times

and the author of

Trade Like a Hedge Fund


Trade Like Warren Buffett



. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;

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