With an initial dividend (3)

I believe the answer is:

and

'with' is the definition.

'an initial dividend' is the wordplay.
'initial' indicates taking the first letters.
The first letter of 'dividend' is 'd'.
'an'+'d'='AND'

(Other definitions for and that I've seen before include "In addition" , "It connects words, clauses or sentences" , "Joining word" , "Also" , "See 20" .)

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

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