BROOKLYN, N.Y., April 17, 2008 (PRIME NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq:DCOM) (the "Company"), the parent company of The Dime Savings Bank of Williamsburgh (the "Bank"), announced that its Board of Directors has declared a quarterly cash dividend of $0.14 per share, payable on May 15, 2008, to all stockholders of record as of April 30, 2008. This dividend is the 44th consecutive quarterly cash dividend paid by the Company.
About Dime Community Bancshares
The Company (Nasdaq:DCOM) had $3.50 billion in consolidated assets as of December 31, 2007, and is the parent company of the Bank. The Bank was founded in 1864, is headquartered in Brooklyn, New York, and currently 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.dimewill.com.
The Dime Community Bancshares, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3568
CONTACT: Dime Community Bancshares
Kenneth Ceonzo, Director of Investor Relations
718-782-6200 ext. 8279
