We consider the minimal coupling of two photons to neutral scalar and pseudoscalar fields, as, for instance, in the case of the Higgs boson and axion, respectively. In this framework, we analyze the photon dispersion relations in the presence of static and homogeneous external magnetic and electric fields, by taking into account the contribution of the imaginary part of the scalar/pseudoscalar self-energy. We show that this contribution cannot be neglected when it is of the same order as the photon-scalar/pseudoscalar mixing term. In addition to the usual lightlike photon propagation mode, with a refraction index $n>1$, a massive mode with mass of the order of the coupled boson mass can be induced, provided that the external field is above a particular critical value. Depending on the values of the external field, photon energy, and mass of the scalar/pseudoscalar particle, the scalar/pseudoscalar width could induce a sizable rate of photon splitting in two photons due to a strong resonant phenomenon. This effect has no practical laboratory applications for the Higgs physics due to the very large critical external magnetic or electric fields involved, for a photon energy of the order of a TeV. However, it can have relevant consequences in the axion physics or in any other scenario where light neutral scalar/pseudoscalar fields have minimal coupling with two photons.