ORLANDO, Fla., Aug. 14, 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 September 24, 2014 to shareholders of record for Common Stock on September 10, 2014. This dividend is the 112th consecutive quarterly distribution to Parkway's shareholders of Common Stock and represents an annualized dividend rate of $0.75 per share. Logo - http://photos.prnewswire.com/prnh/20030513/PARKLOGOAbout 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. Parkway owns or has an interest in 51 office properties located in eight states with an aggregate of approximately 18.3 million square feet of leasable space at July 1, 2014. Fee-based real estate services are offered through wholly owned subsidiaries of the Company, which in total manage and/or lease approximately 11.1 million square feet for third-party owners at July 1, 2014. Contact:Ted McHughDirector of Investor Relations(407) 650-0593 SOURCE Parkway Properties, Inc.