Shareholders of FTSE 100 companies are anticipated to obtain near £80bn in payouts this yr alone.

That helps clarify why traders like me are blissful to personal blue-chip dividend shares from the flagship index.

Listed below are three such high-yield shares I feel traders in search of passive earnings ought to take into account.

Authorized & Normal

Monetary providers agency Authorized & Normal (LSE: LGEN) can seem to be an unloved FTSE 100 share at occasions.

Over the previous 5 years, its share price has fallen by 1 / 4.

That’s regardless of the corporate having a widely known model, giant buyer base, and concentrate on the large retirement-linked monetary providers market.

On prime of that, the enterprise has been persistently worthwhile throughout that interval and has been an everyday dividend raiser, with a present yield of 9%.

Why the inventory market pessimism over the share?

Earnings have fallen previously couple of years. I see sturdy competitors and unstable monetary markets as dangers for Authorized & Normal’s valuation. It’s no coincidence that its final dividend reduce, in 2009, was within the wake of the monetary disaster.

However I feel there are vital strengths to this longstanding agency.

Phoenix

Authorized & Normal will not be the one FTSE 100 monetary providers agency to lift its dividend yearly lately.

So too has Phoenix (LSE: PHNX). It has additionally set out plans to continue to grow the payout per share yearly.

In apply, whether or not Phoenix does that can rely a minimum of partly on its industrial efficiency. Given its tens of millions of present prospects, well-known manufacturers equivalent to Normal Life, and a confirmed enterprise mannequin, I’m optimistic that the agency might probably hold producing giant quantities of free money movement.

That issues as a result of on the finish of the day it’s having sufficient spare money flowing by means of a enterprise that enables it to keep up — not to mention develop — its dividends.

Phoenix has a mortgage guide and I see a danger that any market crash pushing default ranges or rates of interest exterior its assumptions might harm earnings.

However I feel traders ought to contemplate this 10.4% yielder for its passive earnings potential in 2025 and past.

M&G

Phoenix and Authorized & Normal should not alone with regards to having raised their dividend per share yearly lately and aiming to maintain doing so.

The identical applies to FTSE 100 member M&G (LSE: MNG).

With tens of millions of shoppers in a number of world markets, I feel the asset supervisor has each depth and breadth. That may be constructive with regards to spreading dangers, using the wave in rising markets, and constructing a big consumer base.

However such an strategy additionally brings dangers such because the potential for weak point in a single market to harm total efficiency. M&G noticed purchasers pull extra funds out of its core enterprise within the first half of final yr than they put in. If that development continues I see a danger to income – and probably the dividend too.

For now, the yield is 10%.