JACKSON, Miss., Nov. 8 /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 December
26, 2007, to shareholders of record of Common Stock on December 12, 2007.
This dividend is the eighty-fifth (85th) 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 January 15, 2008 to shareholders of
record of Series D Preferred Stock on December 31, 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 66 office
properties located in 11 states with an aggregate of approximately 13.0
million square feet of leasable space as of November 8, 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 November
8, 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.
CONTACT: STEVEN G. ROGERS
PRESIDENT & CHIEF EXECUTIVE OFFICER
WILLIAM R. FLATT
CHIEF FINANCIAL OFFICER
(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 William R. Flatt, Chief Financial Officer, of Parkway
Properties, Inc., +1-601-948-4091
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