phony dividend

14 LETTERS · STARTS WITH P

phony dividend is a valid 14-letter word worth 27 points in Scrabble and 29 points in Words with Friends.

SCRABBLE WORDS WITH FRIENDS

P3H4O1N1Y4D2I1V4I1D2E1N1D2

3 + 4 + 1 + 1 + 4 + 0 + 2 + 1 + 4 + 1 + 2 + 1 + 1 + 2 =27 PTS

DOUBLE WORD → 54TRIPLE WORD → 81

MEANING

What does phony dividend mean?