MEANING: noun: Dividend; share.
verb tr.: To divide and share.

noun: A foolish person.
adjective: Foolish.

ETYMOLOGY: For the first noun, verb: A shortening of dividend, from Latin dividere (to divide), from dis- (apart) + -videre (to separate). Earliest documented use: 1872.
For the second noun, adjective: Of uncertain origin. Earliest documented use: 1975.

DIVEY - what follows "Mairzy Doats and Dozey Doats and Liddle Lamsey"

DIV NY - the New York division

DRIVVY - my feeble attempt at hitting a golfball off a tee