Want $1,100 in Passive Income? Invest $20,000 in These 2 Stocks

An extra $1,000 in income each year can help you pay bills and save money, especially nowadays with inflation at levels not seen in decades. One way to boost your income is by investing in dividend stocks. And with many high-yielding ones to consider, you don't need a fortune to generate that much in passive income.

Investing approximately $20,000 can be enough to do the trick. If you put that money into shares of Gilead Sciences (NASDAQ: GILD) and Enbridge (NYSE: ENB), that would be enough to earn you a little over $1,100 per year -- and that amount would likely increase over time.

Healthcare company Gilead Sciences is a stable investment, with its focus on developing medicine and treatment options for HIV. And it also has a fast-growing oncology business with sales in that segment surging 71% year over year to $527 million last quarter (ended June 30).

Source Fool.com