JACKSON, Miss., Aug. 22, 2011 /PRNewswire/ -- Parkway Properties, Inc. (NYSE: PKY) announced today that its Board of Directors declared a quarterly dividend of seven point five cents ($0.075) per share payable on September 28, 2011, to shareholders of record of Common Stock on September 14, 2011. This dividend is the 100th consecutive quarterly distribution to Parkway's shareholders of Common Stock and represents an annualized dividend rate of $0.30 per share.
The Board of Directors also declared a quarterly dividend of fifty cents ($0.50) per share payable on October 17, 2011, to shareholders of record of Series D Preferred Stock on September 30, 2011.
Parkway Properties, Inc., a member of the S&P Small Cap 600 Index, is a self-administered real estate investment trust specializing in the operation, leasing, acquisition, and ownership of office properties. Parkway owns or has an interest in 68 office properties located in 12 states with an aggregate of approximately 14.8 million square feet of leasable space as of August 22, 2011. Included in the portfolio are 26 properties totaling 6.6 million square feet that are owned jointly with other investors, representing 44.6% of the portfolio. Fee-based real estate services are offered through wholly-owned subsidiaries of the Company which in total manage and/or lease approximately 13.0 million square feet for third-party owners at August 22, 2011.
Parkway Properties, Inc.'s press releases and additional information about the Company are available on the Company's website at www.pky.com.
RICHARD G. HICKSON IV
CHIEF FINANCIAL OFFICER
MANDY M. POPE
CHIEF ACCOUNTING OFFICER
SOURCE Parkway Properties, Inc.