For best results, divide plants in spring or fall
The best time for division sometimes depends on the type of plant being divided (see Techniques for Dividing Perennials). Ornamental grasses respond better to spring division, while astilbes, irises, and peonies are partial to fall division. The area of the country you live in may also dictate the best time of the year to divide perennials. In areas that experience early frosts and harsh winter weather, plants divided in fall may not have enough time to establish roots before the ground freezes, and may be subject to frost heave. To safeguard against that, spring division and transplanting is the only option. Gardeners in warmer climes have more options for dividing and transplanting because of the longer growing season.
And although some perennials can be divided at any time during the growing season in a pinch, no matter what area of country you're in, it's best not to divide during the hot summer months or when plants are channeling all their energy into foliage and flower growth. Early spring and early fall are the best times of the year to divide perennials to provide transplants with enough time to devote to root growth before the hot or cold weather sets in.
Some sun exposure is inevitable, but I try to do most of my dividing when the weatherman is calling for overcast skies. When exposed to sun, newly divided plants with compromised root systems cannot draw enough water from the soil to support the foliage, which can lead to wilting and death. Two other tactics to help minimize water loss through transpiration are trimming foliage back to be in proportion with roots and shielding plants from bright sun with small lath structures until they are acclimated to their new environment.
Having dividable perennials in the garden is like having money in the bank. I like the luxury of having a supply of plants to draw on to start a new bed or to fill in an occasional gap in my garden. Propagation by division also allows me to have a cache of plants available for bartering with my gardening pals. And my supply is always growing.