Texim Bank shareholders endorsed the proposal at a general meeting held on September 24, the lender said in a bourse filing on Monday.
The bank's standalone net profit rose to 298,000 levs ($178,000/152,000 euro) in 2019 from 159,000 levs in 2018.
Texim Bank shares last traded on the Bulgarian Stock Exchange at a price of 3.04 levs.
Texim Bank was Bulgaria's 17th largest lender by assets at the end of July, according to central bank data.
(1 euro = 1.95583 levs)