DCOM Dime Community Bancshares Inc

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 May 16, 2011, to all stockholders of record as of May 9, 2011. This dividend is the 56th consecutive quarterly cash dividend paid by the Company.

ABOUT DIME COMMUNITY BANCSHARES The Company (NASDAQ: DCOM) had $4.14 billion in consolidated assets as of March 31, 2011, and is the parent company of Dime. Dime was founded in 1864, is headquartered in Brooklyn, New York, and currently has twenty-six 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