Having been investing for almost 40 years, my style has changed significantly over the decades. In the beginning, I liked to make risky investments in petite company stocks. I later followed my hero Warren Buffett’s advice to buy great companies at fair prices. My current goal is to augment the passive income generated by my family portfolio.

£86 billion in passive income

In particular, I want sturdy cash flows from ownership FTSE100 shares. According to one report, there could be a full FTSE 100 dividend 86 billion pounds for 2026 compared to £80.7 billion in 2025. This is a solid augment of 6.6% – well above inflation (rising costs of living).

Currently, my family portfolio includes over 25 different Footsie i FTSE250 shares we own, which allows us to obtain the highest dividend income on the market. Therefore, our dividends are quite broadly diversified and we do not rely heavily on any one company, industry or region for our cash.

Dividend dynamo

For example, here’s one stock that I already own in my family portfolio and that I’m interested in because of its powerful passive income. What’s more, I’m considering buying more of this dividend superstar to aid fund retirement when it finally comes.

Beautiful legal and general section

Having worked in the financial world for 15 years, I have become a huge fan of UK insurers and asset managers Legal and General Group (LSE: LGEN). Founded in 1836, L&G has grown to become one of the largest money managers in Europe, with client assets reaching £1.2 trillion.

On Wednesday, March 11, L&G published its latest full-year results. Investors were unhappy with the reduced Solvency II coverage ratio of 210%, which sent the shares down 6.6% to 241.38p at the time of writing. This values ​​the great British company at £13.8 billion, well below the recent highs recorded in mid-February.

This decline in share prices has boosted L&G’s dividend yield to an impressive 8.9% per year. This is almost three times the FTSE 100 index’s cash yield of 3.1% per annum. In addition, the group will spend £1.2 billion on a massive share buyback to boost future returns for shareholders. Looking ahead, the company aims to return over £5 billion to its owners between 2025 and 2027. Wow.

If I had the means, I would gladly buy L&G outright, own it and become mega-rich. Perhaps the company could at some point attract tender interest from, say, one of its colossal American rivals? On the other hand, L&G’s future development is based on stable and rising asset prices, which is not a guarantee in these unstable times.

Additionally, if markets decline again – as they did in 2022 and spring 2020 – L&G’s profits and cash flow could be sharply reduced. Despite this, I expect the company to continue raising a high dividend for shareholders. Indeed, he has already committed to increasing this payout by 2% this year and next.

All in all, I plan to hold tight to our current L&G stock and perhaps buy even more for additional passive income.

Meanwhile, what other super stocks are currently moving the markets and stimulating investors?