NASDAQ BGCP 10.85 +0.09 +0.84% Volume: 164,510 January 18, 2017

Dividend History

BGC Partners' common dividend paid to BGC stockholders is based on post-tax distributable earnings per fully diluted share, which, due mainly to non-cash, non-dilutive, and non-economic GAAP charges, were higher than its earnings and profits under GAAP and U.S. Federal tax principles for certain years. In addition, BGC Partners' net income for both GAAP and distributable earnings includes income earned by foreign affiliates of the Company, corporate subsidiaries, and other entities generally not taxable under U.S. Federal tax principles. Therefore, a portion of dividends paid were treated as a nontaxable return of capital (or “non-dividend distributions”) for BGC’s common stockholders in some years. Specifically, dividends paid during 2015 are comprised of 72.36% qualified dividends and 27.64% non-dividend distributions. 100 percent of dividends paid during 2013 and 2014 were treated as taxable, qualified dividends. 96 percent, 79 percent and 18 percent of common dividends paid for earnings generated were treated as a nontaxable return of capital for common stockholders in 2012, 2011 and 2010, respectively.

 

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2016

Record Declared Payable Amount Type
11/23/16 10/25/16 12/08/16 $0.16 Regular Cash
08/18/16 07/26/16 09/01/16 $0.16 Regular Cash
05/16/16 04/26/16 06/01/16 $0.16 Regular Cash
03/02/16 02/09/16 03/16/16 $0.14 Regular Cash

2015

Record Declared Payable Amount Type
11/20/15 10/27/15 12/04/15 $0.14 Regular Cash
08/21/15 07/27/15 09/04/15 $0.14 Regular Cash
05/15/15 04/29/15 05/29/15 $0.14 Regular Cash
03/02/15 02/10/15 03/16/15 $0.12 Regular Cash

2014

Record Declared Payable Amount Type
11/24/14 10/30/14 12/9/14 $0.12 Regular Cash
08/22/14 07/31/14 09/05/14 $0.12 Regular Cash
05/16/14 05/01/14 06/02/14 $0.12 Regular Cash
02/27/14 02/12/14 03/13/14 $0.12 Regular Cash

2013

Record Declared Payable Amount Type
11/18/13 10/29/13 12/2/13 $0.12 Regular Cash
08/23/13 08/01/13 09/06/13 $0.12 Regular Cash
05/17/13 05/02/13 05/31/13 $0.12 Regular Cash
03/01/13 02/14/13 03/15/13 $0.12 Regular Cash

2012

Record Declared Payable Amount Type
11/16/12 11/01/12 11/30/12 $0.12 Regular Cash
08/09/12 07/24/12 08/23/12 $0.17 Regular Cash
05/17/12 05/01/12 05/31/12 $0.17 Regular Cash
03/14/12 02/23/12 03/28/12 $0.17 Regular Cash

2011

Record Declared Payable Amount Type
11/14/11 10/31/11 11/28/11 $0.17 Regular Cash
08/11/11 07/24/11 08/25/11 $0.17 Regular Cash
05/16/11 05/05/11 05/26/11 $0.17 Regular Cash
02/25/11 02/15/11 03/11/11 $0.14 Regular Cash

2010

Record Declared Payable Amount Type
11/16/10 11/01/10 11/30/10 $0.14 Regular Cash
08/16/10 08/02/10 08/30/10 $0.14 Regular Cash
05/12/10 05/04/10 05/20/10 $0.14 Regular Cash
03/08/10 02/23/10 03/22/10 $0.06 Regular Cash

2009

Record Declared Payable Amount Type
11/16/09 11/03/09 12/01/09 $0.08 Regular Cash
08/17/09 08/03/09 08/31/09 $0.09 Regular Cash
05/18/09 05/06/09 05/28/09 $0.09 Regular Cash
03/06/09 02/26/09 03/20/09 $0.04 Regular Cash

2008

Record Declared Payable Amount Type
11/17/08 11/05/08 12/01/08 $0.10 Regular Cash
09/15/08 08/05/08 09/30/08 $0.13 Regular Cash
Note: The dividends shown in the table above paid by BGC Partners, Inc. are qualified dividends and are treated as such for tax purposes. BGC’s dividend for U.S. Federal income tax purposes will be reported to U.S. recipients on the IRS Forms 1099-DIV and to non-U.S. recipients on IRS Forms 1042-S. Common stock holders will not receive a Schedule K-1 related to BGC’s dividends.

Nontaxable Return of Capital

BGC Partners intends to pay not less than 75 percent of its post-tax distributable earnings per fully diluted share as cash dividends to all common stockholders. The Company also intends to use the balance of its quarterly post-tax distributable earnings, after distributions to all partnership units and dividend payments to common stockholders, to buy back shares and/or partnership units.

Under U.S. Federal income tax principles, a nontaxable return of capital, sometimes referred to as a "non-dividend distribution," is a cash distribution that is not paid out of the taxable earnings and profits of a corporation. For common stockholders, a nontaxable return of capital reduces the cost basis of an investment. It is not taxed until the cost basis of said investment is fully recovered.

For the years ended 2012, 2011 and 2010, the remaining 4 percent, 21 percent and 82 percent of the dividends were treated as a qualified dividend for U.S. Federal income tax purposes. This information has been reported to certain firms that provide U.S. recipients of BGC's dividend with their IRS Forms 1099-DIV and non-U.S. recipients with their IRS Forms 1042-S.

The portion of dividends to common stockholders that will be taxable will not impact BGC Partners' financial results for either GAAP or distributable earnings or the Company's or its affiliates' ability to pay distributions to all partnership units and dividend payments to common stockholders.

This information is not intended to be all-inclusive or to render specific professional tax advice.