Yesterday, we discussed two ASX 200 blue chip stocks that used their earnings reports last week to unveil a hike to their next dividend payments. Those blue chip stocks were Telstra Group Ltd (ASX: TLS) and Wesfarmers Ltd (ASX: WES). Both Telstra and Wesfarmers delivered historic interim dividends, although Telstra surprised investors by revealing a partially franked dividend for the first time in decades.
But it wasn't just Telstra and Wesfarmers that hiked their next dividends last week. So today, let's go through another two ASX 200 blue chip stocks that have a pay rise for their investors in store over the coming weeks.
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Two more ASX 200 blue chip stocks that just hiked their dividends
BHP Group Ltd (ASX: BHP)
First up, we have the ASX 200 blue chip stock and mining giant BHP. BHP is known amongst the dividend community for its commodity-linked dividends, which can wax to enormous proportions when resources markets are hot (although it does also tend to wane dramatically in lean times too).
Fortunately for investors, the interim dividend that BHP revealed on Tuesday was a waxer. The Big Australian unveiled a payout worth 73 US cents per share. That's a 46% hike over the equivalent payment of 50 US cents that we saw doled out in 2025. It will come with full franking credits attached, as is BHP's habit. Interestingly, this dividend is notable as it is the first one in a very long time (perhaps ever) to draw more of its funding from BHP's copper division than from its iron ore business.
Medibank Private Ltd (ASX: MPL)
Next up, we have another ASX 200 blue chip stock to discuss with private health insurer Medibank Private. Medibank delivered its own half-year earnings report on Thursday. It contained a lot for the ASX's income investors to like.
Medibank reported a few green metrics across the board, with revenues and earnings both up year-on-year. Saying that, the company did report a flat underlying profit after tax. Despite this flat profit, Medibank announced that its first dividend payment of 2026 will come in at 8.3 cents per share. Like BHP's next dividend, this one will also come fully franked.
This latest dividend represents a 6.4% rise over last year's interim payment of 7.8 cents per share. As we pointed out on Thursday, it continues an impressive dividend streak for this ASX 200 blue chip stock, which is now entering its sixth year of annual payout hikes.
