JACKSON, Miss., Feb. 7 /PRNewswire-FirstCall/ -- Parkway Properties,
Inc. (NYSE: PKY) announced today that its Board of Directors declared a
quarterly dividend of sixty-five cents ($.65) per share payable on March
26, 2008, to shareholders of record of Common Stock on March 12, 2008. This
dividend is the eighty-sixth (86th) consecutive quarterly distribution to
Parkway's shareholders of Common Stock and represents an annualized
dividend rate of $2.60 per share.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030513/PARKLOGO )
The Board of Directors also declared a quarterly dividend of fifty
cents ($.50) per share payable on April 15, 2008 to shareholders of record
of Series D Preferred Stock on March 31, 2008.
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. The
Company is geographically focused on the Southeastern and Southwestern
United States and Chicago. Parkway owns or has an interest in 68 office
properties located in 11 states with an aggregate of approximately 13.5
million square feet of leasable space as of February 7, 2008. Included in
the portfolio are 20 properties totaling 3.2 million square feet that are
owned jointly with other investors, representing 24% of the portfolio.
Under the Company's GEAR UP Plan, which started January 1, 2006 and ends
December 31, 2008, it is the Company's strategy to transform from an
owner-operator to an operator-owner. The strategy highlights the Company's
strength in providing excellent service in the operation of office
properties in addition to its direct ownership of real estate assets.
Fee-based real estate services are offered through the Company's wholly
owned subsidiary, Parkway Realty Services, which also manages and/or leases
approximately 1.8 million square feet for third party owners as of February
7, 2008.
Parkway Properties, Inc.'s press releases and additional information
about the Company are available on the World Wide Web at http://www.pky.com.
Steven G. Rogers
President & Chief Executive Officer
Sarah P. Clark
Senior Vice President
(601) 948-4091
SOURCE Parkway Properties, Inc.
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Related links:
http://www.pky.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20030513/PARKLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
http://www.prnewswire.com/comp/103115.html /
CONTACT:
Steven G. Rogers, President & Chief Executive
Officer, or Sarah P. Clark, Senior Vice President, both of
Parkway Properties, Inc., +1-601-948-4091
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