ORLANDO, Fla., Nov. 20, 2014 /PRNewswire/ --Parkway Properties, Inc. (NYSE:PKY) announced today that its Board of Directors has declared a quarterly dividend of $0.1875 per share, payable on December 31, 2014 to shareholders of record of Common Stock on December 17, 2014.  This dividend is the 113th consecutive quarterly distribution to Parkway's shareholders of Common Stock and represents an annualized dividend rate of $0.75 per share.

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About Parkway Properties

Parkway Properties, Inc. is a fully integrated, self-administered and self-managed real estate investment trust specializing in the acquisition, ownership, development and management of quality office properties in higher growth submarkets in the Sunbelt region of the United States. At October 1, 2014, Parkway owned or had an interest in 52 office properties located in eight states with an aggregate of approximately 18.5 million square feet of leasable space. Fee-based real estate services are offered through wholly owned subsidiaries of the Company, which in total managed and/or leased approximately 10.6 million square feet for third-party owners at October 1, 2014.

Contact: 
Ted McHugh 
Director of Investor Relations 
(407) 650-0593

SOURCE Parkway Properties, Inc.