Peabody's stock has a market price of $86 per share.The dividend yield is 10 percent.Peabody pays dividends in equal amounts each quarter.The quarterly dividend payment is $8.60.

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The quarterly dividend payment would be $2.15, not $8.60, because the annual dividend is 10% of $86, which is $8.60, and this amount is divided by four for quarterly payments.

Peabody's Stock Has a Market Price of $86 Per Share