Contact Information: Contact: Kenneth Ceonzo Director of Investor Relations 718-782-6200 extension 8279
Dime Community Bancshares Declares Quarterly Cash Dividend
| Source: Dime Community Bancshares, Inc.
BROOKLYN, NY -- (MARKET WIRE) -- October 19, 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 November 15, 2006, to all
stockholders of record as of November 1, 2006. This dividend is the 38th
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 $3.12 billion in assets as
of June 30, 2006, 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.