Press Release

Dime Community Bancshares Declares Quarterly Cash Dividend

Company Release - 1/26/2017 4:00 PM ET

BROOKLYN, N.Y., Jan. 26, 2017 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq:DCOM) announced that its Board of Directors has declared a quarterly cash dividend of $0.14 per share, payable on February 13, 2017, to all stockholders of record as of February 6, 2017.  This dividend is the 79th consecutive quarterly cash dividend paid by the Company.

ABOUT DIME COMMUNITY BANCSHARES, INC.

Dime Community Bancshares, Inc. (NASDAQ:DCOM) (the “Company”) had $5.82 billion in consolidated assets as of September 30, 2016, and is the parent company of Dime Community Bank (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 Director of Investor Relations, 718-782-6200, extension 5260.

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Source: Dime Community Bancshares, Inc.