Parkway Announces Quarterly Dividend

Feb 18, 2016, 16:15 ET from Parkway Properties, Inc.

ORLANDO, Fla., Feb. 18, 2016 /PRNewswire/ -- Parkway Properties, Inc. (NYSE: PKY) announced today that its Board of Directors has declared a quarterly dividend of $0.1875 per share, payable on March 30, 2016 to shareholders of record of Common Stock on March 16, 2016. This dividend is the 118th consecutive quarterly distribution to Parkway's shareholders of Common Stock and represents an annualized dividend rate of $0.75 per share.

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About Parkway Properties

Parkway Properties, Inc. is a fully integrated, self-administered and self-managed real estate investment trust specializing in the acquisition, ownership, development and management of quality office properties in higher growth submarkets in the Sunbelt region of the United States. Parkway owns or has an interest in 36 office properties located in six states with an aggregate of approximately 14.3 million square feet of leasable space as of January 1, 2016.  Fee-based real estate services are offered through wholly owned subsidiaries of the Company, which in total manage and/or lease approximately 2.7 million square feet for third-party owners as of January 1, 2016.

Contact: David R. O'Reilly Executive Vice President and Chief Financial Officer  (407) 650-0593


SOURCE Parkway Properties, Inc.