2 of my top FTSE stocks to consider buying for passive income before April

Each month I spend money on high-yield dividend shares that I hope can pay me rising passive earnings over time.

Listed here are two of my favourites that I’ll think about snapping up earlier than April with spare money.

Clear vitality

First up we’ve The Renewables Infrastructure Group (LSE: TRIG), generally often known as TRIG.

It is a FTSE 250 renewable vitality fund with a market cap of £2.4bn. It has wind and photo voltaic farms and battery storage property within the UK, Eire, France, Germany, Spain, and Sweden.

The share worth is down 32% during the last 18 months.

The offender has been larger rates of interest, which have brought on a sell-off within the shares as traders sought safer earnings from authorities bonds and money. Additionally, energy costs have been falling throughout Europe.

On the finish of 2023, the web asset worth (NAV) per share was 127p. Right now, the share worth is 98p, which implies there’s a 22% low cost to NAV. In different phrases, I can spend money on the property at a big low cost.

Final 12 months, TRIG hiked its dividend by 5% to 7.18p per share final 12 months. This interprets right into a 7.3% dividend yield coated 1.6 instances by money coming in.

Now, like most clear vitality funds, TRIG is extremely geared and has floating price debt. So larger rates of interest do proceed so as to add a component of danger.

Final 12 months, its money from tasks was £558m. After debt repayments of £219m, this dropped to £339m.

To decrease this burden, TRIG has been disposing of property and will must do extra of this. It intends to cut back its portfolio gearing from 37% to 23% by 2030.

Trying forward, TRIG is concentrating on 4% dividend development this 12 months. That places the ahead yield at a lovely 7.5%. Subsequently, I’m eager so as to add extra shares to my portfolio as quickly as I can.

Trying eastwards

Subsequent, we’ve FTSE 100 banking goliath HSBC (LSE: HSBA).

The corporate lately bought its Canadian operations for $10.2bn and in addition exited its retail banking enterprise in France. In the meantime, it has been beefing up its wealth administration enterprise in Asia, significantly China.

After all, this pivot brings its personal dangers. China can typically be a difficult place to do enterprise from a regulatory standpoint and has been affected by a property sector meltdown for a while.

Moreover, any escalation in tensions between China and Taiwan might disrupt commerce flows throughout Asia, negatively affecting HSBC’s enterprise within the area.

Nonetheless, I reckon I’m being adequately compensated for these dangers with a tasty 7.7% dividend yield.

Long run, I’m actually bullish on HSBC’s development alternative throughout Asia. That is the planet’s quickest rising area, with a rising center class and a ballooning cohort of high-net-worth people.

Each lessons will want banking and wealth administration providers. And HSBC intends to develop into the main wealth supervisor throughout all of Asia. This isn’t your sleepy UK-focused FTSE 100 financial institution!

Lastly, I ought to observe that no dividend is assured. But I feel TRIG and HSBC — each buying and selling cheaply — appear to be stable decisions for potential passive earnings and share worth positive factors.