Dime Community Bancshares, Inc. (Nasdaq: DCOM) (the Company) announced that its Board of Directors has declared a quarterly cash dividend of $0.34375 per share on the Companys 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on February 15, 2021 to holders of record as of February 4, 2021.

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Dime Community Bancshares, Inc. (Nasdaq: DCOM) (the Company) announced that its Board of Directors has declared a quarterly cash dividend of $0.34375 per share on the Companys 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on February 15, 2021 to holders of record as of February 4, 2021.

GlobeNewswire Inc | Feb 1, 2021 04:15PM EST

February 01, 2021

HAUPPAUGE, N.Y., Feb. 01, 2021 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM) (the Company) announced that its Board of Directors has declared a quarterly cash dividend of $0.34375 per share on the Companys 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on February 15, 2021 to holders of record as of February 4, 2021.

ABOUT DIME COMMUNITY BANCSHARES, INC.

The Company has over $12 billion in assets, over $9 billion in total deposits, and over 60 branches spanning Manhattan to Montauk. Dime Community Bank (the Bank) is the Companys wholly owned subsidiary. More information on the Company and the Bank be found on the Company's website at www.dime.com.

Contact:Avinash Reddy, Senior Executive Vice President Chief Financial Officer, 718-782-6200, extension 5909.