[div-ee] Informal.
verb (used with object), verb (used without object), divvied, divvying.
to divide; distribute (often followed by up ): The thieves divvied up the loot.
noun, plural divvies.
a distribution or sharing.

1870–75; div(ide) or div(idend) + -y2

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Based on the Random House Dictionary, © Random House, Inc. 2015.
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World English Dictionary
divvy1 (ˈdɪvɪ)
n , pl -vies
1.  (Brit) short for dividend, esp (formerly) one paid by a cooperative society
2.  (US), (Canadian) a share; portion
vb (usually foll by up) , -vies, -vies, -vying, -vied
3.  to divide and share

divvy2 (ˈdɪvɪ)
n , pl -vies
dialect a stupid or foolish person
[C20: perhaps from deviant]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

1872, originally a noun, a slang shortening of dividend; the verb was in use by 1877 and is primary now (the noun is not in "Webster's New World Dictionary"), leading some (e.g. "Webster's") to think the word is a slang alteration of divide. Related: Divvying. In early
20c. British slang the same word was a shortening of divine (adj.).
Online Etymology Dictionary, © 2010 Douglas Harper
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American Heritage
Abbreviations & Acronyms
The American Heritage® Abbreviations Dictionary, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Example sentences
Catch share programs, in which regional fishery councils divvy up quota shares
  to fishermen, could help ease this burden.
After a shoot, you divvy up the food with your team.
But the league's players and its team owners are now arguing over how to divvy
  up the spoils.
We had to divvy up the equipment, so there were people carrying multiple
  weapons, people carrying extra body armor.
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