Dime Community Bancshares Declares Quarterly Cash Dividend

* Reuters is not responsible for the content in this press release.

Mon Apr 20, 2009 4:30pm EDT 

  BROOKLYN, NY, Apr 20 (MARKET WIRE) -- 
Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the "Company"), the
parent company of The Dime Savings Bank of Williamsburgh, announced that
its Board of Directors has declared a quarterly cash dividend of $0.14
per share, payable on May 15, 2009, to all stockholders of record as of
April 30, 2009. This dividend is the 48th consecutive quarterly cash
dividend paid by the Company.

    ABOUT DIME COMMUNITY BANCSHARES

    The Company (NASDAQ: DCOM) had $4.06 billion in consolidated assets as of
December 31, 2008, and is the parent company of the Bank. The Bank was
founded in 1864, is headquartered in Brooklyn, New York, and currently has
twenty-three branches located throughout Brooklyn, Queens, the Bronx and
Nassau County, New York. More information on the Company and Bank can be
found on the Bank's Internet website at www.dime.com.

    

Contact:
Kenneth Ceonzo
Director of Investor Relations
718-782-6200 extension 8279

Copyright 2009, Market Wire, All rights reserved.

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