A dispensing device for dispensing liquids, particularly liquid medications to people, contains a container which is filled with a liquid and which has an opening at one end for dispensing same. The dispensing device further has at least one pair of capacitive measuring electrodes which are arranged in an outer region of the container, particularly on the wall, opposite one another, for determining the permittivity of the respective medium in the intermediate region between the measuring electrodes. A shield is arranged around the container and surrounds the measurement electrodes in a sheath-like manner.