It isn't too often that you have a chance to purchase a high-performing business that also pays an elevated dividend yield. Investors usually have to choose between one or the other of these attractive characteristics. But that might not be the case facing Coca-Cola (NYSE: KO) investors right now.

The beverage giant dominates its global industry and yet its yield is sitting close to a post-pandemic high thanks to the combination of a rising payout and the stock's weak performance in 2023.

Sure, it's generally true that higher yields often come with some compromises, either around growth prospects or earnings potential. With that risk in mind, let's look at the main reasons why Coke pays more than peers like (NASDAQ: PEP), and whether income investors should still like the stock today.

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Source Fool.com