JACKSON, Miss., Aug. 9 /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
September 26, 2007, to shareholders of record of Common Stock on September
12, 2007. This dividend is the eighty-fourth (84th) 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 October 15, 2007 to shareholders of
record of Series D Preferred Stock on September 28, 2007.
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 65 office
properties located in 11 states with an aggregate of approximately 12.9
million square feet of leasable space as of August 9, 2007. Included in the
portfolio are 18 properties totaling 2.7 million square feet that are owned
jointly with other investors, representing 21% 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 August 9, 2007.
Parkway Properties, Inc.'s press releases and additional information
about the Company are available on the World Wide Web at http://www.pky.com.
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 William R. Flatt, Chief Financial Officer, both of
Parkway Properties, Inc., +1-601-948-4091
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