Dime Community Bancshares Declares Quarterly Cash Dividend


BROOKLYN, NY--(Marketwire - October 15, 2009) - 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 13, 2009, to all stockholders of record as of October 30, 2009. This dividend is the 50th consecutive quarterly cash dividend paid by the Company.

ABOUT DIME COMMUNITY BANCSHARES

The Company (NASDAQ: DCOM) had $3.97 billion in consolidated assets as of June 30, 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 Dime's Internet website at www.dime.com.

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