Dime Community Bancshares Declares Quarterly Cash Dividend

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

Thu Apr 22, 2010 4:06pm EDT 

  BROOKLYN, NY, Apr 22 (MARKET WIRE) -- 
Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the "Company"), the
parent company of The Dime Savings Bank of Williamsburgh ("Dime"),
announced that its Board of Directors has declared a quarterly cash
dividend of $0.14 per share, payable on May 10, 2010, to all stockholders
of record as of May 3, 2010. This dividend is the 52nd consecutive
quarterly cash dividend paid by the Company. 

    ABOUT DIME COMMUNITY BANCSHARES
 The Company (NASDAQ: DCOM) had $3.95
billion in consolidated assets as of December 31, 2009, and is the parent
company of Dime. Dime 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 Dime can be found on the Dime's Internet website at
www.dime.com.

    

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

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