The FTSE 100 has posted a superb efficiency in 2024 up to now. However I don’t goal shares from the UK-leading index only for rising share costs. I additionally love the passive earnings alternatives it supplies.

Footsie shares provide a number of the bulkiest yields on the market. Its common yield is 3.9%. That comfortably trumps the S&P 500, which clocks in at simply 1.4%.

As such, I maintain a lot of FTSE 100 earnings shares in my portfolio. I reckon these two may very well be one of the best I personal. I feel buyers ought to strongly contemplate shopping for them right now.

HSBC

Let’s kick off with HSBC (LSE: HSBA). The inventory’s made a robust begin to the yr. Throughout that point, it’s risen 9.9%, outperforming the broader index (7.6%).

I purchased shares within the worldwide financial institution again in February when its share price dipped following the discharge of its full-year outcomes. Right this moment, I’m sitting on a wholesome 15.6% paper achieve.

What drew me in essentially the most was its 7% yield. The enterprise has adopted a progressive coverage dividend in the previous few years and its actions like that I search for when shopping for corporations. Final yr, its payout jumped from 31 cents per share to 61 cents.

In its first replace of 2024, it introduced a particular 21 cents per share dividend following the sale of its Canadian enterprise. Taking that into consideration, it at present yields a whopping 11.8%.

It wasn’t solely the angle earnings that enticed me. The inventory appears to be like low-cost. It trades on simply 7.6 instances earnings.

The most important danger to its share price is its publicity to China. An unstable property market will affect HSBC. We noticed this final yr.

Nonetheless, it’s earmarked over $6bn to put money into fast-growing Asian nations. In the long term, I feel its deal with the area can pay dividends.

Authorized & Basic

Subsequent up is Authorized & Basic (LSE: LGEN). It hasn’t carried out fairly in addition to HSBC, falling 1.3% up to now in 2024. However which means its shares are buying and selling on slightly below 10 instances ahead earnings. And I feel that may very well be a steal.

However the star of the present is its 8% yield. That’s greater than double the Footsie common. Since 2019, dividends per share have grown at a powerful fee of 19%. This yr, administration intends to extend its payout by 5%. That places its ahead yield at 8.5%.

2023 proved to be troublesome for the enterprise and 2024 appears to be like prefer it’ll be related. Working revenue took a success in addition to its property beneath administration as buyers put their cash into safer investments, corresponding to bonds.

However I just like the look of Authorized & Basic shares right now. With components corresponding to an ageing UK inhabitants, I feel it stands in good stead to carry out strongly within the years to come back.

Between now and 2039, the variety of individuals aged 75 and over within the UK is predicted to double. For an organization like Authorized & Basic, which is already a pacesetter in areas such because the Pension Threat Switch market, this bodes effectively for its prospects.

As such, analysts have the agency rising its earnings by over 20% a yr to the tip of 2026.