When to buy for the dividend - buy before Feb 29
The ex-dividend date for stocks is usually set one business day before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.
The ex-dividend date for Stelco is Thursday, February 29. Shareholder's will not get the dividend if they buy STLC on the 29th or after that date. They will get the dividend if it is bought on or before Wednesday, February 28.