Dime Community Bancshares Declares Quarterly Cash Dividend


BROOKLYN, NY--(Marketwire - January 21, 2010) - 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 February 16, 2010, to all stockholders of record as of February 1, 2010. This dividend is the 51st consecutive quarterly cash dividend paid by the Company.

ABOUT DIME COMMUNITY BANCSHARES

The Company (NASDAQ: DCOM) had $3.91 billion in consolidated assets as of September 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 the Dime's Internet website at www.dime.com.

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