A method and apparatus for dispensing a single generally flat rectangular article having a penetrable surface from the top of a stack of the articles within an enclosure structure preferably of the coin-controlled type in which a spring-loaded vertically movable generally horizontally disposed elevator is provided for supporting a stack of the articles between an elevator platform and a pressure regulating abutment supported by a panel member pivotally attached to the enclosure structure at a level within the enclosure structure level where the article is to be dispensed. The pressure regulating abutment is adapted to move the panel member into a frictional holding engagement with the elevator when upwardly pressure is applied to the said abutment by the stack and hold the elevator stationary while a single laterally spaced article penetrating member engages the uppermost article in the stack at a point between the abutment and one lateral edge of the uppermost article so as to rotate the article in a horizontal plane and simultaneously moving the one lateral edge outwardly from the stack and project one corner of the article through an opening in the enclosure structure.