STV posted a 5% rise in pre-tax profit for the first half of 2013 to £6.7 million as an 8% rise in revenue to £51.2m was offset by higher payments to be an affiliate of ITV.
STV has never paid a dividend under Mr Woodward's stewardship. Its last pay-out came in 2006, a year before he joined.
His focus has been on turning around the company which returned to profit last year.
STV's board said it plans a 1.5p final divided for 2013, which will cost the company around £600,000, to be confirmed in early 2014. The broadcaster is guiding the City that it intends to make pay-outs totalling 2.5p a share next year.
It is intended that one-third of the full-year pay-out will come at the interim point and the bulk at the full year.
STV had previously told investors that it would resume pay-outs once net debt fell to two times earnings before interest, taxation, depreciation and amortisation (EBITDA).
With the ratio standing at 2.2 times, as net debt fell 22% year-on-year to £43.4m, the company believes it is on track to hit this target.
Mr Woodward said: "We no longer refer to the turnaround. It is certainly in the past.
"We have had a total focus on ensuring that net debt was down to normal levels."
It is targeting a ratio of 1.5 times net debt to EBITDA.
After six years heading STV Mr Woodward, a former corporate financier, signalled that he intends to remain with the company.
"My job is not done. I want to ensure that the company reaches its full potential and rather than talking about turnaround we are talking about growth," he said.
STV's share of national airtime revenue was up 4% in the six-month period and the company said it expects it to continue to outperform the market, forecasting year-on-year growth of 6% by the end of the third quarter.
But advertising from the Scottish market is down 6%. Mr Woodward attributed this to the volatility of a relatively small sector. STV expects conditions to improve, with cumulative growth for the year of 2% anticipated by the end of September.
Mr Woodward is keen to make STV less reliant on advertising revenues from broadcasting and secure a greater contribution from high-margin digital activities, which include premium rate telephony services such as voting lines, and programme production.
Mr Woodward wants one-third of profits to come from non-broadcasting activities, up from "mid-teens" percentages now.
The group posted a 19% rise in digital revenues in the first half with margins at 34%. It also plans to launch local websites for Scotland's four largest cities.
On the production side, revenues were up 84% to £4.6m. Having previously announced that it had secured recommissions of its programmes Fake Reaction and Antiques Road Trip, STV revealed yesterday that ITV1 has ordered a further 12 episodes of its quiz show Catchphrase.
Plans to launch digital television channels for Edinburgh and Glasgow in 2014 remain on track, the company said.
Patrick Yau, analyst at house broker Peel Hunt, said: "Although we are not changing our financial forecasts at this time, our confidence in STV's ability to hit our numbers has improved."
Gareth Davies, analyst at Numis, wrote in a note for clients that STV had produced a "good set" of results.
Mr Woodward played down the likely impact on STV of the 2014 independence referendum campaign.
"The event itself is not going to be a huge driver of mass market audience," he said.
STV's shares closed up 10.5p at 184.5p.