These hidden gems could outperform over time. ͏  ͏  ͏  ͏
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[Morning Watchlist]

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Dear Fellow Investor,

3 OVERLOOKED DIVIDEND STOCKS THAT HAVE BIG GROWTH AHEAD

When investors think “dividend stocks,” they usually picture the
same familiar names, mega-cap blue chips, widely owned consumer
staples, or the biggest telecoms. Those can be fine holdings, but
they’re also heavily covered and often priced to perfection.

Overlooked dividend stocks are different. They tend to fly under the
radar, which means the market can miss their longer-term growth paths,
improving fundamentals, or durable cash-flow stories. And in volatile
markets, that combination matters: a reliable dividend can cushion
drawdowns, while accelerating earnings or cash flow can still drive
meaningful upside.

Below are three lesser-discussed dividend payers that look positioned
for continued growth. Each offers a different kind of diversification,
utilities, housing, and real estate, but all share a common theme:
strong operating performance today with tangible drivers for tomorrow.

-------------------------

COMPANY: AMERICAN STATES WATER (SYM: AWR)
DIVIDEND YIELD: ABOUT 2.8%
DIVIDEND TRACK RECORD: PAID DIVIDENDS EVERY YEAR SINCE 1931
MOST RECENT PAYMENT: $0.50 PER SHARE PAID DECEMBER 2, 2025

American States Water is a classic “quiet compounder.” It’s a
regulated water and electric utility serving communities in California
and a small number of other markets. Utilities rarely generate
headlines, but they often generate what income investors want most:
stability, consistency, and predictable returns.

AWR is a DIVIDEND KING, meaning it has raised its dividend for 50+
consecutive years. That kind of record is hard to replicate and
signals not only earnings durability but also management discipline in
capital allocation.

WHAT’S GOING RIGHT NOW:
In the most recent quarter, AWR delivered solid earnings and revenue
growth. EPS came in at $1.06, beating consensus expectations, while
revenue rose about 12.9% YEAR OVER YEAR TO ROUGHLY $182.7 MILLION.
That’s strong performance for a utility, and it reflects improved
rate structures and continued investment in infrastructure.

WHY GROWTH MAY BE AHEAD:

*
REGULATED RATE BASE EXPANSION. Water utilities grow by investing in
pipes, treatment facilities, storage, and distribution networks, then
earning a regulated return on that growing asset base. AWR has been
steadily expanding its capital program, which supports consistent
earnings growth over time.

*
LONG-TERM WATER DEMAND AND INFRASTRUCTURE NEED. Across the U.S., water
systems are aging. Replacement and upgrade cycles are multi-decade
projects, and regulators generally allow utilities to recover these
costs through higher rates. That gives AWR a structural growth
tailwind that doesn’t depend on consumer sentiment.

*
DEFENSIVE POSITIONING IN UNCERTAIN MARKETS. When growth stocks wobble,
utilities often hold up because their revenue is essential and
relatively insensitive to recessions. You’re paid to wait with a
meaningful yield, and you get incremental upside as the rate base
expands.

RISKS TO WATCH:
AWR is still heavily exposed to California regulation. Rate
decisions, drought management rules, and cost-recovery frameworks can
influence near-term earnings volatility. But over full cycles, its
dividend and earnings track record shows a strong ability to navigate
that environment.

BOTTOM LINE: a rare mix of utility defensiveness and long-run growth,
backed by one of the strongest dividend histories in the market.

-------------------------

_Crypto 101_

WHY THIS ALTCOIN MATTERS SO MUCH RIGHT NOW
[[link removed]]

Projects with weak fundamentals got exposed. Overleveraged traders got
liquidated. Paper hands got shaken out at the worst possible moment.

But a few cryptos passed the test with flying colors.

I'm WATCHING ONE RIGHT NOW
[[link removed]]
that actually saw its on-chain metrics IMPROVE during the carnage. 

More network activity. More active addresses. More real usage… while
prices collapsed around it.

That's not luck. That's underlying strength that the market hasn't
priced in yet.

Now that the selling pressure is finally lifting, this disconnect
won't last long.

Our track record speaks for itself… 

8,600% (OCEAN) 
3,500% (PRE) 
1,743% (ALBT)

SEE THE CRYPTO THAT EMERGED FROM THE CRASH STRONGER THAN EVER… GO
HERE NOW.
[[link removed]]

The shakeout separated the pretenders from the contenders. I know
which side I'm betting on.

-------------------------

COMPANY: TOLL BROTHERS (SYM: TOL)
DIVIDEND YIELD: ABOUT 0.75%
DIVIDEND GROWTH: RAISED DIVIDEND FOR FIVE STRAIGHT YEARS
MOST RECENT PAYMENT: $0.25 PER SHARE PAID OCTOBER 24, 2025

Toll Brothers is not a high-yield stock, and that’s exactly why many
dividend investors overlook it. But yield alone doesn’t define
dividend quality. TOL’s strength is that it pairs a smaller yield
with RAPID DIVIDEND GROWTH and aggressive shareholder returns through
buybacks.

The company is one of the leading builders of luxury homes in the U.S.
Its customer base skews higher-income, which tends to be more
resilient during rate-driven housing slowdowns.

WHAT’S GOING RIGHT NOW:
TOL just capped another strong fiscal year with a fresh earnings
beat. In Q4 2025, the company reported EPS around $4.6+ PER SHARE,
exceeding analyst estimates, and revenue near $3.4 BILLION.
[[link removed]]
Management continues to deliver high margins versus peers, reflecting
pricing power and disciplined land strategy.

WHY GROWTH MAY BE AHEAD:

*
LUXURY BUYER RESILIENCE. While entry-level segments can get squeezed
by mortgage rates, Toll’s clients often have larger down payments,
higher savings, or equity from previous homes. That supports steadier
demand through housing cycles.

*
LONG-TERM DEMOGRAPHIC TAILWINDS. Millennials entering peak earning
years and Gen Z aging into homeownership create a multi-year demand
runway. Even if volumes soften short term, longer-term household
formation remains supportive.

*
CAPITAL-RETURN MACHINE. Toll has been returning significant cash to
shareholders through repurchases alongside dividends. The dividend
payout ratio is low, which means management has room to keep raising
the dividend even if housing conditions stay mixed.

*
OPTIONALITY IF RATES EASE. Any stabilization or decline in mortgage
rates could restart broader housing momentum and expand valuations
across the homebuilding space.

RISKS TO WATCH:
TOL’s near-term guidance for fiscal 2026 implies somewhat slower
earnings versus 2025, which the market has flagged. Housing remains
rate-sensitive, and sentiment can swing quickly. Still, Toll’s
premium positioning makes it one of the most defensible builders in
the group.

BOTTOM LINE: a “growth dividend” play - modest yield today, but
strong dividend-growth potential and meaningful upside if housing
demand re-accelerates.

-------------------------

_Small Caps Daily_

ECGS PREPARES FOR NASDAQ UPLISTING AND WHY TO PAY ATTENTION NOW.
[[link removed]]

[WATER] [[link removed]]

Eco-Growth Strategies (OTC: ECGS) is Building an Institutional-Grade
Platform for Premium Hawaiian Water While Advancing Toward Nasdaq
Uplisting Potential!

Eco-Growth Strategies, Inc. (ECGS) is transforming a well-established
Hawaiian water brand into a high-growth platform with national and
international reach. Through the acquisition of Hawaiian Isles Water
Company—already found in roughly 20,000 retail locations across
Hawaii and the mainland—the Company controls a valuable portfolio of
assets including a 55,000 sq. ft. certified bottling facility,
advanced equipment capable of producing 1,800 bottles per minute, and
proprietary water sources delivering ultra-pure Hawaiian water with
less than 5 ppm TDS. With $2.4 million in strategic capital fueling
facility enhancements, production scale-up, and operational maturity,
ECGS is strengthening its business in a bottled water market projected
to surpass $500 billion by 2032.

Importantly to note, ECGS has reserved the Nasdaq ticker “THWC” as
it continues developing the financial, governance, and reporting
standards required for a future uplisting. Moving from the OTC market
to a national exchange could unlock meaningful liquidity,
institutional investor access, and valuation expansion as the Company
accelerates growth in Hawaii, North America, and Asia. 2026 could be a
transformative year for ECGS as it advances toward production
expansion, broader market reach, and potential uplisting milestones
that could elevate the Company to a new level of visibility and
growth.

DISCOVER WHY ECGS MAY BE POSITIONING ITSELF AS A MAJOR EMERGING
CONTENDER IN A MASSIVE YET OVERLOOKED GLOBAL INDUSTRY.
[[link removed]]

-------------------------

COMPANY: EQUITY RESIDENTIAL (SYM: EQR)
DIVIDEND YIELD: ABOUT 4.5%
PORTFOLIO: ~312 PROPERTIES / ~84,000 APARTMENT UNITS
MOST RECENT DIVIDEND: $0.6925 PER SHARE PAID OCTOBER 10, 2025

Equity Residential is one of the largest multifamily REITs in the
U.S., focused on high-quality apartment communities in major coastal
and high-barrier urban markets. REITs are often treated as bond
substitutes, but EQR has the potential to be more than that because
rent growth can compound meaningfully in tight housing markets.

WHAT’S GOING RIGHT NOW:
The company’s third-quarter results showed continued cash-flow
strength. FFO per share was approximately $1.05, with normalized FFO
around $1.02, both exceeding expectations. Management highlighted
healthy demand in several key cities and strong tenant retention.

WHY GROWTH MAY BE AHEAD:

*
STRUCTURAL UNDERSUPPLY OF HOUSING. The U.S. continues to face a
long-term housing shortage, especially in the kinds of high-demand
metro areas where EQR operates. When supply is constrained, landlords
with premium assets can push rents steadily.

*
URBAN RECOVERY AND “RETURN-TO-CITY” TRENDS. Markets like New York
and San Francisco have been regaining momentum with improving
occupancy and rent growth, and EQR has heavy exposure to those
corridors.

*
INFLATION HEDGE CHARACTERISTICS. Apartment leases reset far more
frequently than commercial leases, allowing REITs like EQR to reprice
revenue relatively quickly. That helps protect real income streams
during inflationary periods.

*
ATTRACTIVE YIELD WHILE YOU WAIT. A 4.5%+ yield is competitive versus
many fixed-income alternatives, and it’s backed by a large,
diversified asset base.

RISKS TO WATCH:
EQR’s dividend growth has been modest recently, and payout ratios
in REITs always bear monitoring.
[[link removed]]
Also, a weaker labor market could slow rent increases. But EQR’s
focus on higher-income renter bases and supply-tight markets helps
mitigate those risks.

BOTTOM LINE: a high-quality apartment REIT providing meaningful yield
today and a credible path to long-term rent-driven growth.

-------------------------

_Priority Gold_

TRUMP TO CLEAR WAY FOR
MUSK'S SILVER PLAY?

[elon and trump]
[[link removed]]
Elon Musk and Donald Trump might be the ultimate power duo for 2025's
next market revolution: silver.

In 2022, Musk hinted Tesla might enter mining to secure critical
materials. Now Trump's back with pro-business deregulation that could
make this reality.

Just imagine: "Musk Buys Silver Mine to Power Tesla's Future.

Why it matters:
-Silver is Tesla's lifeblood — no silver, no EVs
-Trump's policies clear the path for supply chain control
-Even whispers of Musk entering silver could send prices skyrocketin

Nothing is confirmed—yet. But silver surged 23% in 2024. If Musk
moves into silver, those waiting on the sidelines will be left
scrambling

That's why we created the 2025 Silver Forecast Guide.

[BUTTON 2]
[[link removed]]

-------------------------

_Are there any other lesser known dividend stocks that you're buying
right now? What other sectors of the market are you currently
interested in? Hit "reply" to this email and let us know your
thoughts!_

Our mailing address is:
Behind the Markets, LLC
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or our Legal Notices.
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We are issuing this disclosure in compliance with Section 17(b) of the
Securities Act, which requires us to disclose any compensation
received or expected to be received in cash or in kind in connection
with the purchase or sale of any security.

We would like to inform you that we have received or expect to receive
compensation in connection with the purchase or sale of the securities
of Eco-Growth Strategies, Inc. (OTC: ECGS). The compensation consists
of up to $6,500 and was received/will be received from Interactive
Offers.

This communication should not be considered as an endorsement of the
securities of adviser Eco-Growth Strategies, Inc. (OTC: ECGS) and we
are not responsible for any errors or omissions in any information
provided about the securities of Eco-Growth Strategies, Inc. (OTC:
ECGS) or Interactive Offers.

We encourage you to conduct your own due diligence and research before
making any investment decisions. You should also consult with a
financial advisor before making any investment decisions.

This disclosure is made as of 12/11/2025.

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