From Longman Dictionary of Contemporary Englishparcel something ↔ out phrasal verbSHAREto divide or share something among several people They didn’t want the federal government parceling out food supplies. → parcel→ See Verb table
Examples from the Corpus
parcel out• We watched her untie the parcels which turned out to contain pretty blue woollen baby clothes.• When we got back we sent a large parcel of presents out to them.From Longman Business Dictionaryparcel something → out phrasal verb [transitive] to divide something into several parts, especially in order to share it between several peopleFarmers argue that parcelling out commercial farmland into small plots will reduce productivity.Savers may withdraw up to $600 from their accounts and any balances will be parceled out in 12 monthly instalments. → parcel→ See Verb table 