With great visibility into its cash flow generation opportunities in the future, Ensco (VAL) decided it was time to raise its dividend. This confidence to generate cash flow is based partly around the company's record $11 billion backlog, and partly around its ever-increasing fleet size. Add to that several peer-leading liquidity and solvency metrics, and management decided it has the ability to reward shareholders with a 33% quarterly dividend hike. While its yield still falls short of Seadrill's (SDRL) near 10% payout, Ensco is in a much better financial situation than its smaller peer. Check out what Ensco investor and Motley Fool analyst Taylor Muckerman has to say.