A conveying and dividing mechanism in which a first conveyance path and a second conveyance path facing each other can bidirectionally convey banknotes between each other and that can divide into multiple-direction banknotes conveyed from both the first conveyance path and the second conveyance path. A first dividing member is rockably provided at the intersection of the first conveyance path, the second conveyance path, a third conveyance path, and a fourth conveyance path. The first dividing member enables banknotes to be bidirectionally conveyed between the first and second conveyance paths. Further, the first dividing member enables bank notes conveyed from the first and second conveyance paths to be divided into the third and fourth conveyance paths.