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Subsequent Events
3 Months Ended
Mar. 31, 2018
Subsequent Events [Abstract]  
Subsequent Events

31.

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.