A system and method are disclosed for dispensing an amount of imbalance correction weight for attachment to a rotary element to reduce an imbalance in the rotary element. The imbalance correction weight includes a number of individual weights provided on a length of double-sided adhesive tape. A guide directs the imbalance correction weight through a channel provided by the guide toward a tape divider. A driver pulls a protective backing away from the tape causing the imbalance correction weight to move through the channel toward the tape divider. A sensor counts the individual weights that move past it. When the sensor has counted a desired number of individual weights, a controller instructs the driver to stop pulling on the protective backing thereby stopping movement of the imbalance correction weight and then instructs the tape divider to divide the tape to provide the amount of imbalance correction weight. A weight applicator automatically receives the amount of imbalance correction weight and is operable to attach it to the rotary element.