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Press Release

Parkway Announces Quarterly Dividend

Company Release - 5/23/2017 4:15 PM ET

HOUSTON, May 23, 2017 /PRNewswire/ -- Parkway, Inc. (NYSE: PKY) announced today that its Board of Directors has declared a quarterly dividend of $0.10 per share, which will be payable on June 30, 2017 to shareholders of record of Common Stock on June 16, 2017.  This quarterly dividend represents an annualized dividend rate of $0.40 per share.

About Parkway

Parkway is an independent, publicly traded, self-managed real estate investment trust ("REIT") that owns and operates high-quality office properties located in attractive submarkets in Houston, Texas.  As of March 31, 2017, our portfolio consisted of five Class A assets comprising 19 buildings and totaling approximately 8.7 million rentable square feet in the Greenway, Galleria and Westchase submarkets of Houston.

Thomas Blalock
Vice President, Finance & Capital Markets
(407) 581-2915

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/parkway-announces-quarterly-dividend-300462723.html

SOURCE Parkway, Inc.

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407.650.0593 info@pky.com

Parkway, Inc.
5847 San Felipe Street
Suite 2200
Houston, TX 77057

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