Community Bancshares Announces Quarterly Dividend Payment

Dime Community Bancshares Declares Quarterly Cash Dividend for Common Stock

FARMINGDALE, N.Y., March 27, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM), the parent company of Dime Community Bank, announced today that its Board of Directors has declared a quarterly cash dividend of $0.16 per share on its common stock. The dividend is payable on April 15, 2023 to shareholders of record as of April 1, 2023.

"We are pleased to continue to reward our shareholders with a quarterly dividend," said Vincent R. Summa, President and CEO of Dime Community Bancshares, Inc. "Our strong financial performance and continued growth have enabled us to maintain our dividend payment, which reflects our commitment to delivering value to our shareholders."

The dividend payment is subject to applicable taxes and will be paid in cash. The dividend yield is approximately 2.4% based on the current stock price.

Dime Community Bancshares, Inc. is a bank holding company headquartered in Farmingdale, New York. Through its subsidiary, Dime Community Bank, the company operates 34 retail bank branches and 5 commercial lending offices in the New York metropolitan area. The company's primary business is to provide consumer and commercial banking products and services. For more information, visit the company's website at www.dimebank.com.