3 ASX 200 dividend shares that just upped their payouts

These investors are about to get a pay rise.

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Earnings season has continued this Thursday, with a cavalcade of S&P/ASX 200 Index (ASX: XJO) shares reporting their latest numbers to investors. Many of them have also revealed the next dividend their investors can look forward to. So today, let's go over three prominent blue-chip ASX 200 dividend shares and check out what kind of income is coming investors' way.

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Three ASX 200 dividend shares that just boosted their payouts

South32 Ltd (ASX: S32)

Mining stock and ASX 200 dividend share, South32, is first up. The miner had some impressive numbers to show off this morning. Although revenues were only up 1% to US$5.82 billion, underlying earnings grew 38% to US$2.46 billion. Profits after tax attributable to members roared higher, jumping 410% to US$1.09 billion.

That all helped South32 to declare a final dividend of 5.4 US cents per share. Like most payouts from this ASX 200 dividend share, this one will come with full franking credits attached.

This new final dividend is more than double what investors bagged this time last year, up 107.7% over 2025's final dividend of 2.6 US cents per share. Right now, South32 shares are trading on a trailing dividend yield of 1.81%.

Qantas Airways Ltd (ASX: QAN)

Since the resumption of Qantas' shareholder payouts last year, the airline has become a favourite ASX 200 dividend share amongst income investors. That trend continues into the back half of 2026. This morning, Qantas revealed a final dividend of 19.8 cents per share, fully franked.

That matches 2026's interim dividend, and represents a 20% hike over 2025's final ordinary payout of 16.5 cents per share.

This came despite Qantas also reporting an underlying profit before tax of $2.06 billion, down 11.82% from 2025. The national carrier's earnings per share (EPS) also fell 12.73% to 96 cents.

Qantas stock is currently trading with a dividend yield of 3.8%.

Wesfarmers Ltd (ASX: WES)

Finally, let's talk about ASX 200 dividend share and popular blue chip, Wesfarmers. The Bunnings, Kmart, OfficeWorks, and Target owner also dropped its report today. There were lots of green numbers on display.

For FY2026, Wesfarmers reported revenue of $47.27 billion, up 3.4% year on year. Earnings before interest and tax excluding significant items rose 7.3%, while statutory net profits after tax (excluding significant items) jumped 8.3% to $2.87 billion.

That enabled Wesfarmers to declare a fully-franked final dividend of $1.20 per share. That represents an 8.11% rise over last year's equivalent payout of $1.11 per share.

Wesfarmers is presently sitting on a dividend yield of 2.68%.

Motley Fool contributor Sebastian Bowen has positions in Wesfarmers. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Wesfarmers. The Motley Fool Australia has recommended Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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