Dime Community Bancshares Declares Quarterly Cash Dividend

BROOKLYN, NY--(Marketwired - April 23, 2015) - 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 13, 2015, to all stockholders of record as of May 6, 2015. This dividend is the 72^nd consecutive quarterly cash dividend paid by the Company.

ABOUT DIME COMMUNITY BANCSHARES
The Company (NASDAQ: DCOM) had $4.50 billion in consolidated assets as of December 31, 2014, and is the parent company of Dime. Dime was founded in 1864, is headquartered in Brooklyn, New York, and currently has twenty-five 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