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Subsequent Events | 3 Months Ended
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Mar. 31, 2018
Subsequent Events [Abstract] |
Subsequent Events |
3 1. | Subsequent Events
First Quarter 2018 Dividend On May 1, 2018, the Company’s Board of Directors declared a quarterly cash dividend of $0.18 per share for the first quarter of 2018, payable on June 5, 2018 to BGC Class A and Class B common stockholders of record as of May 21, 2018. On May 2, 2018, Newmark’s Board of Directors declared a quarterly cash dividend of $0.09 per share for the first quarter of 2018, payable on June 5, 2018 to Newmark Class A and Class B common stockholders of record as of May 21, 2018. Controlled Equity Offering Since March 31, 2018, the Company has sold, pursuant to the March 2018 Sales Agreement, 3.2 million shares of Class A common stock related to redemptions of limited partnership interests in BGC Holdings and Newmark Holdings. Credit Ratings On May 8, 2018, Fitch Ratings Inc. affirmed the Company’s Long-term Issuer Default Ratings at ‘BBB-‘ and Short-term Issuer Default Ratings at ‘F3’. Fitch has also removed the rating from Rating Watch Negative and assigned the Company a Stable rating outlook.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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