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Dime Community Bancshares Declares Quarterly Cash Dividend

October 27, 2011 - Brooklyn, NY

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 November 15, 2011, to all stockholders of record as of November 7, 2011. This dividend is the 58th consecutive quarterly cash dividend paid by the Company.

The Company (NASDAQ: DCOM) had $4.09 billion in consolidated assets as of June 30, 2011, and is the parent company of Dime. Dime was founded in 1864, is headquartered in Brooklyn, New York, and currently has twenty-six 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

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


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