The Collaborative International Dictionary of English v.0.48:

Dispense \Dis*pense"\, v. t. [imp. & p. p. Dispensed; p. pr. &
   vb. n. Dispensing.] [F. dispenser, L. dispensare, intens.
   of dispendere. See Dispend.]
   1. To deal out in portions; to distribute; to give; as, the
      steward dispenses provisions according directions; Nature
      dispenses her bounties; to dispense medicines.
      [1913 Webster]

            He is delighted to dispense a share of it to all the
            company.                              --Sir W.
                                                  Scott.
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   2. To apply, as laws to particular cases; to administer; to
      execute; to manage; to direct.
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            While you dispense the laws, and guide the state.
                                                  --Dryden.
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   3. To pay for; to atone for. [Obs.]
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            His sin was dispensed
            With gold, whereof it was compensed.  --Gower.
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   4. To exempt; to excuse; to absolve; -- with from.
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            It was resolved that all members of the House who
            held commissions, should be dispensed from
            parliamentary attendance.             --Macaulay.
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            He appeared to think himself born to be supported by
            others, and dispensed from all necessity of
            providing for himself.                --Johnson.
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The Collaborative International Dictionary of English v.0.48:

dispensed \dispensed\ adj.
   distributed or weighed out in carefully determined portions;
   as, medicines dispensed to the sick.
   [WordNet 1.5]

The Collaborative International Dictionary of English v.0.48:

distributed \distributed\ adj.
   1. spread from a central location to multiple points or
      recipients. Opposite of concentrated. [Narrower terms:
      apportioned, dealt out, doled out, meted out, parceled
      out; diffuse, diffused; dispensed; dispersed,
      spread; divided, divided up, shared, shared out on the
      basis of a plan or purpose); encyclical; rationed;
      scattered, widespread; sparse, thin; unfocused,
      unfocussed] Also See: distributive.
      [WordNet 1.5 +PJC]

   2. spread among a variety of securities; -- of investments.

   Syn: diversified.
        [WordNet 1.5]

              Distributing to the necessity of saints. --Rom.
                                                  xii. 13.
        [1913 Webster]

WordNet (r) 3.0 (2006):

dispensed
    adj 1: distributed or weighted out in carefully determined
           portions; "medicines dispensed to the sick"