Over the last ten years, AT&T has delivered a cumulative $85 billion back to investors through a combination of quarterly cash dividends and share repurchases. During this period, the company has increased its dividend payout every year, raising the annual per-share distribution by a compound annual growth rate of approximately 4.5%, and consistently executed on a multiyear buyback program that has reduced its share count by nearly 15%. This capital return record ranks AT&T among the top five global corporations for total shareholder payouts since 2016, underscoring its ability to generate free cash flow in excess of $20 billion annually. Looking ahead, management has signaled continued commitment to dividend growth and opportunistic repurchases, supported by a recently announced three-year $25 billion buyback authorization and projected mid-single-digit adjusted EPS growth through 2026.