Can dogs drink coconut water?

Coconut water is a refreshing, healthy drink that almost everyone enjoys. It's delicious on its own, but it's also fantastic in smoothies and homemade ice cubes. During summer, this highly nutritious water helps to rehydrate the body with its huge electrolyte content [1]. As a great source of electrolytes and other minerals, coconut water is highly beneficial for humans, but can dogs drink coconut water?