How might the dividend declaration influence investor demand for CVLG's Class A vs. Class B shares?

The equal $0.07 per‑share payout removes any dividend‑based price‑gap between the two share series, but it still nudges demand toward the more liquid and widely‑followed Class A stock. Class A shares trade on NYSE with higher daily volume and tighter bid‑ask spreads, so income‑focused investors—especially dividend‑capture traders—will gravitate to the ticker that can be bought and sold cheaply around the record date (Sept 5). Consequently, a modest premium for Class A over Class B is likely to widen slightly in the weeks before the ex‑dividend date, as the market discounts the forthcoming cash flow into the more tradable class.

From a technical standpoint, both series are hovering near their 20‑day SMA (≈$5.30 for Class A, $5.20 for Class B) with the price action forming a shallow ascending channel. A breakout above the channel’s upper trend line (≈$5.55 for Class A, $5.45 for Class B) on heightened dividend‑seeking volume would signal a short‑term bullish tilt, while a dip below the 20‑day SMA could present a dividend‑capture entry for risk‑averse traders (buy on the dip, hold through the September 26 payment, then exit on the post‑payment rebound). In practice, a practical play is to target Class A on any pull‑back to the SMA with a tight stop just below the ex‑div date, while monitoring Class B for relative value—if the premium narrows, a spread trade (long Class A, short Class B) could capture the liquidity‑driven differential without overt market exposure.