JACKSON, Miss., May 4 /PRNewswire-FirstCall/ -- Parkway Properties, Inc. announced today that its Board of Directors declared a quarterly dividend of sixty-five cents ($.65) per share payable on June 28, 2006, to shareholders of record of Common Stock on June 14, 2006. This dividend is the seventy-ninth (79th) consecutive quarterly distribution to Parkway's shareholders of Common Stock and represents an annualized dividend rate of $2.60 per share.
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The Board of Directors also declared a quarterly dividend of seventy-three cents ($.73) per share to be paid July 14, 2006 to shareholders of record of Series B Preferred Stock on June 30, 2006 and a quarterly dividend of fifty cents ($.50) per share payable on July 14, 2006 to shareholders of record of Series D Preferred Stock on June 30, 2006.
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, acquisition, ownership, management, and leasing 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 12,229,000 square feet of leasable space as of May 4, 2006. The Company also offers fee-based real estate services through its wholly owned subsidiary, Parkway Realty Services, to its owned properties and to its third party and minority interest properties.
Parkway Properties, Inc.'s press releases and additional information about the Company are available on the World Wide Web at http://www.pky.com/.
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