The present invention refers to an apparatus for dispensing capsules, preferably single-use, disposable capsules for the production of beverages, brews and the like, intended for use in connection with automatic food-product vending machines. The inventive capsule dispensing apparatus includes a plurality of receptacles adapted to accommodate capsules in a stacked arrangement, at least a rotary pick-up device provided with two or more compartments distributed about the axis of rotation thereof for removing the capsules from the receptacles, and a conveyor. The capsule dispensing apparatus is characterized in that between the at least a pick-up device and the conveyor there is arranged a distribution tray including a plurality of guide partitions adapted to enable the capsules to undergo a rotary motion.