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Subsequent Events
3 Months Ended
Mar. 31, 2019
Subsequent Events [Abstract]  
Subsequent Events

26.

Subsequent Events

First Quarter 2019 Dividend

 

On May 6, 2019, the Company’s Board of Directors declared a quarterly cash dividend of $0.14 per share for the first quarter of 2019, payable on June 10, 2019 to BGC Class A and Class B common stockholders of record as of May 24, 2019.

Secured Loan Arrangements

On April 8, 2019, the Company entered into a secured loan arrangement of $15.0 million, under which it pledged certain fixed assets as security for a loan. This arrangement incurs interest at a fixed rate of 3.77% and matures on April 8, 2023. Also, on April 19, 2019, the Company entered into a secured loan arrangement of $10.0 million, under which it pledged certain fixed assets as security for a loan. This arrangement incurs interest at a fixed rate of 3.89% and matures on April 19, 2023.