Dime Community Bancshares Declares Quarterly Cash Dividend

BROOKLYN, N.Y., July 24, 2014 (GLOBE NEWSWIRE) -- 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 August 13, 2014, to all stockholders of record as of August 6, 2014. This dividend is the 69th consecutive quarterly cash dividend paid by the Company.

ABOUT DIME COMMUNITY BANCSHARES

The Company (Nasdaq: DCOM) had $4.28 billion in consolidated assets as of March 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

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