4 Singapore Stocks Acquiring to Grow Their Dividends in 2022

It’s a great feeling to own stocks that pay outThis stream of passive income not only enriches your wallet but also acts as a great buffer in case of aIt’s even better if these businesses can raise their dividends over time, such that your flow of income also rises in tandem.One is through organic means – building a new factory or producing an additional product line or brand extension.We look at four Singapore stocks that recently conducted acquisitions to grow their dividends for this year.

No single tenant contributes more than 20% of total rental income and all leases come with rental escalation clauses of 2% to 3% per annum.The Hour Glass, or THG, is a luxury watch retailer that owns a network of 50 boutiques around the Asia-Pacific region. The property has a total net lettable area of 2,030 square metres and is located in the heart of Brisbane’s central business district .This acquisition is in line with THG’s strategy of owning properties in prime locations to set up new boutiques.

Just last week, CLI acquired a 22-storey freehold office building in Melbourne, Australia, marking the group’s fifth investment in the country in the last six months.Management believes the acquisition is well-positioned to do well given the strong WALE, its good location, and potential for asset enhancement initiatives.

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