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NEW YORK ( TheStreet) -- The ex-dividend date for Dime Community (Nasdaq: DCOM) is tomorrow, August 4, 2011. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $13.98 as of 9:33 a.m. ET, the dividend yield is 3.9%. The average volume for Dime Community has been 125,600 shares per day over the past 30 days. Dime Community has a market cap of $496 million and is part of the financial sector and banking industry. Shares are down 4.3% 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 11.4, above the average banking industry P/E ratio of 10.6 and below the S&P 500 P/E ratio of 17.7.