Dividend investors are being offered a sparkling deal on Coca-Cola (NYSE: KO) stock these days. The beverage giant's yield is sitting just above 3% as of this writing, which means you could receive an income of $400 per year by putting about $13,000 to work in the stock.

Of course, you'd want to make an investment like this in the context of a diversified portfolio that includes exposure to many other sectors and business types. But Coke can be a highly positive force in such a portfolio. Let's look at a few reasons why.

Coke's mid-February earnings report contained plenty of good news for its shareholders. Organic sales were up a robust 12% in the fourth quarter, management said, outpacing rival (NASDAQ: PEP). Coke benefits from its higher proportion of on-the-go beverage sales and its more focused portfolio. It is also helping it right now to not have a large exposure to snack foods as PepsiCo does.

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Source Fool.com