BROOKLYN, New York, Oct. 18, 2007 (PRIME NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq:DCOM), 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 November 15, 2007, to all stockholders of record as of October 31, 2007. This dividend is the 42nd consecutive quarterly cash dividend paid by the Company.
About Dime Community Bancshares
Dime Community Bancshares, Inc. (the "Company") had $3.25 billion in consolidated assets as of June 30, 2007, and is the parent company of Dime. Dime 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 can be found on the Dime's Internet website at www.dimedirect.com.