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Dime Community Bancshares, Inc. (NASDAQ: DCOM), the parent company of The Dime Savings Bank of Williamsburgh, announced that its Board of Directors has declared a quarterly cash dividend of $0.14 per share, payable on August 15, 2005, to all stockholders of record as of August 1, 2005. This dividend is the 33rd consecutive quarterly cash dividend paid by the Company.

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