Parkway Announces First Quarter 2012 Dividend

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  Published in Business and Finance on Thursday, February 23rd 2012 at 12:37 GMT by Market Wire
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Parkway Announces First Quarter 2012 Dividend -- ORLANDO, Fla., Feb. 23, 2012 /PRNewswire/ --

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ORLANDO, Fla., Feb. 23, 2012 /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 March 28, 2012, to shareholders of record of Common Stock on March 14, 2012.  This dividend is the 102nd consecutive quarterly distribution to Parkway's shareholders of Common Stock and represents an annualized dividend rate of $0.30 per share.

(Logo: [ http://photos.prnewswire.com/prnh/20030513/PARKLOGO ] )

The Board of Directors also declared a quarterly dividend of fifty cents($0.50) per share payable on April 16, 2012, to shareholders of record of Series D Preferred Stock on March 31, 2012.

Parkway Properties, Inc., a member of the S&P Small Cap 600 Index, is a self-administered real estate investment trust specializing in the ownership of quality office properties in higher growth submarkets in the Sunbelt region of the United States.  Parkway owns or has an interest in 57 office properties located in 11 states with an aggregate of approximately 11.9 million square feet of leasable space at February 23, 2012.  Fee-based real estate services are offered through wholly-owned subsidiaries of the Company, which in total manage and/or lease approximately 11.9 million square feet for third-party owners at February 23, 2012.

Parkway Properties, Inc.'s press releases and additional information about the Company are available on the Company's website at [ www.pky.com ].

SOURCE Parkway Properties, Inc.

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