Press Release

Dime Community Bancshares Declares Quarterly Cash Dividend

Company Release - 7/28/2016 2:30 PM ET

BROOKLYN, NY -- (Marketwired) -- 07/28/16 -- 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 August 16, 2016, to all stockholders of record as of August 8, 2016. This dividend is the 77th consecutive quarterly cash dividend paid by the Company.

ABOUT DIME COMMUNITY BANCSHARES, INC.

Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the "Company") had $5.56 billion in consolidated assets as of June 30, 2016, and is the parent company of The Dime Savings Bank of Williamsburgh (the "Bank"). The Bank 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 the Bank can be found on Dime's website at www.dime.com.

Contact:
Anthony Rose
Executive Vice President and Chief Administrative Officer
718-782-6200 extension 8260

Source: Dime Community Bancshares