Shared a dividend after dropping a point (7)

I believe the answer is:

divided

'shared' is the definition.
(synonyms)

'a dividend after dropping a point' is the wordplay.
'after dropping' indicates named letters should be taken away.
'a point' becomes 'N' (North).
'dividend' with 'n' taken out is 'DIVIDED'.

(Another definition for divided that I've seen is " riven by dissent".)

I've seen this clue in The Globe and Mail.

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