The "dragon palm" is almost certainly a Dracaena marginata. Confirm by searching images online. If you have multiple stalks, note that each can be treated individually.
Spring (April–June) offers a 90% success rate for rooting cuttings. In fall, as days shorten, the plant slows down and rooting drops to about 30%. Wait until April 1st for the highest chance of success.
The remaining trunk will produce 1–5 new side shoots. Pinch off all but the two strongest shoots; too many leads to weak, crowded growth.
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