Parkway Properties Drives Off With $0.15 Dividend
Real estate investment trust Parkway Properties announced yesterday its second-quarter dividend of $0.15 per share, the same rate it paid last quarter after raising the payout 33% from $0.1125 per share.
The board of directors said the quarterly dividend is payable on June 26 to the holders of record at the close of business on June 12. The payout marks the 107th consecutive distribution the REIT has made to investors.
The regular dividend payment equates to a $0.60-per-share annual dividend yielding 3.2% based on the closing price of Parkway Properties' stock on May 16.
PKY Dividend data by YCharts.
The article Parkway Properties Drives Off With $0.15 Dividend originally appeared on Fool.com.
Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
