Dime Community Bancshares Declares Quarterly Cash Dividend

BROOKLYN, NY -- (Marketwired) -- 10/27/16 -- 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 November 16, 2016, to all stockholders of record as of November 8, 2016. This dividend is the 78th 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 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 J. RoseExecutive Vice President and Chief Administrative Officer718-782-6200 extension 5260

Source: Dime Community Bancshares

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