Income investors focus their attention on the dividends that a stock pays. These dividends constitute a useful source of passive income that can sustain you during your retirement. The good news is that as these dividends rise over time, investors are willing to pay more for the stock. Hence, an income investor can enjoy both capital appreciation and an increasing flow of dividends over time. Here are five dividend-paying Singapore stocks that income investors can include in their buy watchlists.

Daiwa House Logistics Trust (SGX: DHLU)

Daiwa House Logistics Trust, or DHLT, is a logistics REIT with a portfolio of 18 properties across Japan (17) and Vietnam (1). For 2024, the REIT reported a 4.6% year-on-year decrease in gross revenue to S$57.1 million, attributed to the weakness of the Japanese Yen against the Singapore Dollar. Net property income fell by 3.2% year on year to S$43.9 million. The industrial REIT’s distribution per unit declined by 8.2% year on year to S$0.0479....