NEW YORK ( TheStreet) -- The ex-dividend date for Parkway Properties (NYSE: PKY) is Monday, December 12, 2011. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $9.90 as of 9:30 a.m. ET, the dividend yield is 3%.

The average volume for Parkway has been 126,000 shares per day over the past 30 days. Parkway has a market cap of $221.7 million and is part of the financial sector and real estate industry. Shares are down 43.7% year to date as of the close of trading on Thursday.

Parkway Properties, Inc., a real estate investment trust (REIT), engages in the operation, acquisition, ownership, management, and leasing of office properties. It operates and invests principally in office properties in the southeastern and southwestern United States and Chicago.

TheStreet Ratings rates Parkway as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, generally weak debt management, disappointing return on equity and weak operating cash flow. You can view the full Parkway Ratings Report.

See our dividend calendar or top-yielding stocks list.