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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934



       Date of Report (Date of earliest event reported): October 10, 2002


                              CENTRAL BANCORP, INC.
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             (Exact name of registrant as specified in its charter)


      MASSACHUSETTS                   0-25251                   04-3447594
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(State or other jurisdiction        (Commission              (I.R.S. employer
of incorporation)                    file number)            identification no.)



    399 HIGHLAND AVENUE, SOMERVILLE, MASSACHUSETTS              02144
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    (Address of principal executive offices)                  (Zip code)


       Registrant's telephone number, including area code: (617) 628-4000
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                                 NOT APPLICABLE
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          (Former name or former address, if changed since last report)





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ITEM 5.  OTHER EVENTS
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     On October 10, 2002,  the  Registrant  announced that it was increasing its
quarterly  cash dividend to $0.12 per share from $0.10 per share  beginning with
the dividend  payable November 15, 2002 to stockholders of record as of November
1, 2002. For further  information,  reference is made to the Registrant's  press
release,  dated  October 10,  2002,  which is attached  hereto as Exhibit 99 and
incorporated herein by reference.


ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
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     The following is a list of exhibits  filed with this Current Report on Form
8-K.

  Exhibit No.              Description
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    99                     Press Release, dated October 10, 2002






                                   SIGNATURES



     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, hereunto duly authorized.

                                       CENTRAL BANCORP, INC.



Date:  October 10, 2002                By:/s/ John D. Doherty
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                                          John D. Doherty
                                          President