Abstract: The handheld paper border pasting and dispensing device has a container for holding a quantity of liquid paste. Preferably, unistructural with the container are two side arms which provide attachment for a paper holder below the container. Also, preferably unistructural with the container are two harness plates which provide attachment for a paper guide from the rear of the container. The paper guide redirects a paper border in a transverse direction for application against a wall or near vertical surface. A flow regulator is attached to the container for providing control of paste being dispensed from the container. Also attached to the container over the flow regulator is a contact guide which has a seal portion for sealing off part of the flow regulator not in contact with a paper border.