There are few things as satisfying as a high-yielding dividend stock. Though one thing that comes close is an ice-cold soda. 

Fortunately, when it comes to Coca-Cola (NYSE:KO), income-seeking investors can have both. As Motley Fool contributor John Maxfield discusses in the video below, there are at least three reasons that the nearly 130-year-old company's stock fits the bill.

In the first case, its payout ratio is a generous yet still reasonable 61%. This is important because it leaves room for both organic share price appreciation and future dividend growth. Second, Coca-Cola's price-to-earnings ratio is 21.84, or roughly in line with the broader market, suggesting that it's neither wildly under- or overpriced. And third, at 3%, the soda company's stock yields far more than the S&P 500, which comes in at 1.93%.

Want to learn more? Check out the following video, in which John delves deeper into the reasons that dividend investors love Coca-Cola.

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John Maxfield has no position in any stocks mentioned. The Motley Fool recommends Coca-Cola. The Motley Fool has the following options: long January 2016 $37 calls on Coca-Cola and short January 2016 $37 puts on Coca-Cola. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.