FORM 6-K

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549



                        Report of Foreign Private Issuer
                      Pursuant to Rule 13a-16 or 15d-16 of
                       the Securities Exchange Act of 1934



                          For the month of January 2006




                                 STEALTHGAS INC.
                              331 KIFISSIAS AVENUE
                                 ERITHREA 14561
                                 ATHENS, GREECE

                             (011)(30)(210) 625 2849
               (Address, including zip code, and telephone number,
        including area code, of registrant's principal executive offices)



 Indicate by check mark whether the registrant files or will file annual reports
                       under cover Form 20-F or Form 40-F.

                           Form 20-F [X] Form 40-F [_]

Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes [_] No [X]



INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Attached hereto as Exhibit 1 is a copy of the dividend release issued by
Stealthgas, Inc. today, January 5, 2006









Exhibit 1











                              STEALTHGAS ANNOUNCES
              QUARTERLY CASH DIVIDEND OF $ 0.1875 PER COMMON SHARE

ATHENS,  GREECE, January 6, 2006. STEALTHGAS INC. (NASDAQ:GASS) today  announced
that its Board of Directors declared the Company's first quarterly cash dividend
of  $  0.1875  per common share, payable on January 25, 2006 to stockholders  of
record on January 17, 2006.

STEALTHGAS INC. also announced that it anticipates declaring quarterly dividends
in February, May, August and November. The next dividend declaration is intended
for May 2006.

CEO  Harry Vafias commented: "We are very pleased to announce the payment of our
first  quarterly dividend since our company went public in October 2005. We  are
also  very pleased with the company's development so far. As of today,  we  have
expanded  our  fleet  to 21 LPG carriers and have an agreement  to  acquire  one
additional  vessel, with expected delivery in February 2006,  thereby  enhancing
the revenue potential of STEALTHGAS."

About STEALTHGAS INC.
Headquartered  in  Athens,  Greece, STEALTHGAS INC.  is  a  ship-owning  company
serving  the liquefied petroleum gas (LPG) sector of the international  shipping
industry. STEALTHGAS INC. currently has a fleet of 21 LPG carriers, and  intends
to  acquire  1  additional  LPG carriers. Once this  acquisition  is  completed,
STEALTHGAS's fleet will be composed of 22 LPG Carriers with a total capacity  of
95,416  cubic meters (cbm). STEALTHGAS's shares are listed on NASDAQ  and  trade
under the symbol "GASS".

Forward-Looking Statement
Matters  discussed  in  this release may constitute forward-looking  statements.
Forward-looking  statements reflect our current views  with  respect  to  future
events  and  financial performance and may include statements concerning  plans,
objectives,  goals,  strategies, future events or  performance,  and  underlying
assumptions and other statements, which are other than statements of  historical
facts.  The  forward-looking statements in this release are based  upon  various
assumptions,  many  of  which  are  based, in turn,  upon  further  assumptions,
including  without limitation, management's examination of historical  operating
trends,  data  contained  in  our records and other data  available  from  third
parties.   Although  STEALTHGAS  INC.  believes  that  these  assumptions   were
reasonable  when  made,  because these assumptions  are  inherently  subject  to
significant uncertainties and contingencies which are difficult or impossible to
predict  and are beyond our control, STEALTHGAS INC. cannot assure you  that  it
will achieve or accomplish these expectations, beliefs or projections. Important
factors that, in our view, could cause actual results to differ materially  from
those  discussed in the forward-looking statements include the strength of world
economies  and  currencies,  general market  conditions,  including  changes  in
charterhire rates and vessel values, changes in demand that may affect attitudes
of   time  charterers  to  scheduled  and  unscheduled  drydocking,  changes  in
STEALTHGAS  INC's operating expenses, including bunker prices,  dry-docking  and
insurance costs, or actions taken by regulatory authorities, potential liability
from   pending  or  future  litigation,  domestic  and  international  political
conditions,  potential  disruption  of shipping  routes  due  to  accidents  and
political events or acts by terrorists.

Risks  and  uncertainties are further described in reports filed  by  STEALTHGAS
INC. with the US Securities and Exchange Commission.

Visit our website at www.stealthgas.com

Company Contact:
Andrew J. Simmons
Chief Financial Officer
STEALTHGAS INC.
011-30-210-6250-001
E-mail: simmons@stealthgas.com

Investor Relations/Media:
Nicolas Bornozis
Capital Link, Inc.(New York)
Tel. 212-661-7566
E-mail: nbornozis@capitallink.com







                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this registration statement to be signed on its
behalf by the undersigned, thereto duly authorized.

                                Stealthgas, Inc.
                                  (Registrant)


Dated:  January 5, 2006                      By:            /s/ Andrew J.
Simmons
                                             ----------------------------------
                                             Andrew J. Simmons
                                  Chief Financial Officer










                                  End of Filing