Abstract: A simple device adaptable for the storage, dispensing and installation of split shot sinker on a fishing line. Two construction methods are disclosed allowing assembly from molded components or using commercially available tubular stock material. The unit, regardless of construction method, is capable of mechanically delivering one of the properly aligned sinkers to a dispensing position. From the dispensing position, subsequent manipulation closes the sinker on a fishing line. A single contact element allows insertion of sinkers into the unit, retention of the sinkers within the unit and provides for the application of a controlled pressure to close the slot of each sinker. Deployment of this single contact element may be singular or in opposing sets. Removal tools allow release of attached sinkers from fishing line for reuse within the unit for reattachment to a fishing line. Attachment of the unit to other fishing equipment is possible for ease of handling and ready accessibility.