The Honey Dispenser allows for members of the Bee Swarm Simulator Club to collect Honey and five stacks of Haste every 60 minutes. It initially dispensed 5x Haste and 500 Honey. After the update on April 27, 2018, the Honey amount was changed to 100 per bee in a player's hive.
It is one of the two club dispensers in the game, with the Treat Dispenser being the second one. It is, however the first one to be acessed.
If you try to use the Honey Dispenser without being in the group, you will get a prompt saying you must join the Bee Swarm Group (or club).