SOURCE: Dime Community Bancshares, Inc.

April 21, 2006 16:05 ET

Dime Community Bancshares Declares Quarterly Cash Dividend

BROOKLYN, NY -- (MARKET WIRE) -- April 21, 2006 --Dime Community Bancshares, Inc. (NASDAQ: DCOM), 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, 2006, to all stockholders of record as of May 1, 2006. This dividend is the 36th consecutive quarterly cash dividend paid by the Company.

About Dime Community Bancshares

Dime Community Bancshares, Inc., a unitary thrift holding company, is the parent company of The Dime Savings Bank of Williamsburgh, founded in 1864, and headquartered in Brooklyn, New York. With $3.13 billion in assets as of December 31, 2005, the Bank has twenty-one 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.dimedirect.com.

Contact Information

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