a person or thing that dispenses.
a container, package, device, or vending machine for holding and dispensing something in small amounts, as facial tissue, paper cups, or candy.

1250–1300; Middle English; see dispense, -er1

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
dispenser (dɪˈspɛnsə)
1.  a device, such as a vending machine, that automatically dispenses a single item or a measured quantity
2.  a person or thing that dispenses

Collins English Dictionary - Complete & Unabridged 10th Edition
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Word Origin & History

late 13c., "one who administers" (a household, etc.), from Anglo-Fr. dispensour, O.Fr. despenseor, from L. dispensatorem, agent noun from dispensare (see dispense). Meaning "a container that dispenses in fixed measure" is from 1947.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
As a dispenser of grades he is a gatekeeper to worldly success.
As a judge she's found surer footing and is often the only reliable dispenser
  of sound musical advice on the panel.
One had been converted into a feed dispenser for livestock.
She is on the road as a tireless, cheerful dispenser of her own healthy living
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