2 Top Dividend Stocks I Plan to Buy Even More Of in November

Wingstop (WING) and Universal Display (OLED) are presented as compelling dividend growth opportunities for long-term investors, balancing capital appreciation with income. Wingstop, despite a projected 3-4% U.S. same-store sales decline in 2025 and a 40% stock decline from recent highs, is poised for significant unit expansion with over 1,000 new locations in its pipeline and a long-term goal of 10,000 global units, driven by its profitable franchise model. Universal Display maintains a strong competitive moat in the OLED market, underpinned by over 6,500 patents, yielding high profit margins (75% gross, 31% operating) and a robust balance sheet, with future growth expected from market expansion despite a recent revenue dip. Both companies have consistently increased their quarterly dividends for eight consecutive years, supported by low payout ratios.

Analysis

Wingstop (WING) presents a compelling long-term growth opportunity despite a projected 3-4% decline in U.S. same-store sales for 2025 and a recent stock drop of over 40% from its highs. The company's highly profitable franchise model, with locations averaging $2.1 million in annual sales, underpins a record pipeline of over 1,000 new units and a long-term goal of 10,000 global locations. This significant unit expansion potential, coupled with eight consecutive years of dividend increases and a sub-20% payout ratio, positions WING for sustained growth.

Universal Display (OLED) demonstrates a strong competitive moat through its ownership of over 6,500 OLED technology patents, enabling high Q3 2025 gross margins of 75% and operating margins of 31%. The company maintains a robust balance sheet with no debt and approximately $1 billion in cash, providing financial stability. While revenue declined nearly 2% through Q3 2025 year-over-year, the anticipated doubling of the OLED market by 2028, driven by foldable screens and monitor upgrades, offers a significant future tailwind.

Both companies are highlighted as dividend growth stocks, having increased their quarterly dividends for eight consecutive years, with low payout ratios (WING <20%, OLED 38%). This strategy supports long-term capital appreciation through dividend reinvestment, appealing to growth-focused investors. The overall sentiment towards both tickers is strongly positive, indicating a bullish outlook on their fundamental strengths and future prospects.

Key Decisions for Investors

• Consider Wingstop (WING) for long-term growth potential driven by its substantial unit expansion pipeline and profitable franchise model, despite anticipated near-term U.S. same-store sales headwinds.
• Evaluate Universal Display (OLED) for its strong intellectual property moat, high profitability, and exposure to the expanding OLED market, balancing recent revenue softness against significant future industry growth.
• Assess both WING and OLED as dividend growth stocks for portfolios prioritizing capital appreciation through consistent dividend increases and reinvestment, given their low payout ratios and established track records.