A dispensing container apparatus having a tubular container with a bottom end and a rotatable annular upper end connected to a tubular shaft, and a compression member associated with the tubular shaft which causes a material disposed within the containment region to communicate into the tubular shaft or into a containing area upon rotation of the rotatable annular upper end. A brush applicator removably fits into an open end of the tubular shaft for receiving paste to be dispensed via brush application. Also, the container apparatus includes a top member having paste-access holes sized and adapted to closely receive different threaded shaft sizes of fasteners. In one form, the top member is partially rotatable for closing the holes, and then further rotatable for moving the piston (and hence paste) within the container.