NEW YORK (

TheStreet

) -- The ex-dividend date for

Dime Community

(Nasdaq:

DCOM

) is tomorrow, February 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $13.92 as of 9:30 a.m. ET, the dividend yield is 4%.

The average volume for Dime Community has been 129,200 shares per day over the past 30 days. Dime Community has a market cap of $490 million and is part of the

financial

sector and

banking

industry. Shares are up 10.2% year to date as of the close of trading on Tuesday.

Dime Community Bancshares, Inc. operates as the holding company for The Dime Savings Bank of Williamsburgh that provides financial services and loans primarily for multifamily housing. The company has a P/E ratio of 9.9, below the average banking industry P/E ratio of 10.5 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Dime Community as a

buy

. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins, notable return on equity and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full

Dime Community Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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