Often used with up, divvy is formed by taking the first half of divide, doubling the v consonant, and adding a –y suffix. It’s used in casual contexts as a verb meaning “to share or allocate.”
Metallica continue to give back, having recently taken their Polar Music Prize winnings and divvying them up amongst three charities that will benefit from their recent accolade.
— Chad Childers, Loudwire, 18 June 2018