A dispensing closure (10) for dispensing a flowable product (12) from a squeeze-type product container (14) includes a closure body (16) having an upper deck (32), an exit orifice (34), a flow conduit (36) providing a flow path to the exit orifice, and a skirt (40) configured to attach to the product container. A measuring reservoir (26) is received in engagement with a lower surface of the upper deck. The measuring reservoir is filled with a measured dose of flowable product through flow ports (54) when the container is inverted. A piston valve (28) is slidably movable within the measuring reservoir between an open position and a closed position. The piston valve is movable from the open position to the closed position to dispense the measured dose of product responsive to pressure within the container induced by squeezing.