6-K 1 gass6k010606al.txt 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