Community Bank Announces Quarterly Cash Dividend for Common Stockholders

Dime Community Bancshares Declares Quarterly Cash Dividend for Common Stock

March 25, 2023 - BROOKLYN, NY - Dime Community Bancshares, Inc. (NASDAQ: DCOM), the parent company of The Dime Savings Bank of New York, FSB, announced today that its Board of Directors has declared a quarterly cash dividend of $0.15 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 our tradition of returning value to our shareholders through dividend payments," said Vincent R. Syracuse, President and CEO of Dime Community Bancshares. "Our strong financial performance and solid capital position enable us to maintain our dividend payments while continuing to invest in our business and support the communities we serve."

Dime Community Bancshares, Inc. is a leading community-based financial institution with assets of approximately $6.4 billion. The Company operates through its wholly-owned subsidiary, The Dime Savings Bank of New York, FSB, which has 27 branches in the New York City metropolitan area. Dime Community Bancshares is a publicly traded company listed on the NASDAQ Global Market under the ticker symbol DCOM. For more information, please visit our website at www.dimebs.com.