Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Prosegur Compañía de Seguridad, S.A. is a multinational private security company headquartered in Spain, operating across the security services, cash management, and security technology industries. Founded in 1976, the company provides integrated security solutions to corporate, institutional, financial, and retail clients, as well as public sector entities. Its core activities include manned guarding, cash-in-transit, cash management, alarm systems, cybersecurity-related services, and technology-driven security solutions.
The company has evolved from a traditional guarding business into a diversified security group with a strong emphasis on technology, automation, and data-driven services. A key strategic advantage lies in its scale, brand recognition in Europe and Latin America, and its ability to offer end-to-end security solutions through specialized subsidiaries. Prosegur is publicly listed in Spain, with its shares traded on the Madrid Stock Exchange, and its ADRs traded under the ticker PGCSF.
Business Operations
Prosegur operates through several distinct business segments that generate revenue primarily through long-term service contracts. Its major operating units include Prosegur Security, focused on manned guarding and surveillance services; Prosegur Cash, which provides cash-in-transit, cash processing, ATM management, and related logistics services; and Prosegur Alarms, offering monitored alarm systems primarily to residential and small business customers. These segments collectively form the backbone of the company’s recurring revenue model.
The company also operates Prosegur AVOS, which delivers advanced security solutions combining physical security, cybersecurity, and intelligence services, and Cipher, its cybersecurity subsidiary. Operations span both domestic and international markets, with a significant portion of revenue generated outside Spain. Prosegur controls proprietary security technologies, logistics infrastructure, alarm monitoring centers, and cash processing facilities, and maintains strategic partnerships with financial institutions and large commercial clients.
Strategic Position & Investments
Prosegur’s strategic direction emphasizes technological innovation, digital transformation, and expansion of higher-margin security solutions. Growth initiatives include increased investment in cybersecurity, remote monitoring, artificial intelligence-enabled surveillance, and automation in cash management. The company has also focused on scaling subscription-based alarm services through Prosegur Alarms, particularly in Southern Europe and Latin America.
Major investments have included the expansion and partial public listing of Prosegur Cash, as well as continued capital allocation to Cipher to address growing demand for cybersecurity services. Prosegur has pursued selective acquisitions to strengthen local market positions and enhance technological capabilities, while divesting or restructuring lower-margin activities to improve operational efficiency.
Geographic Footprint
Prosegur operates in over 25 countries, with a strong presence in Europe, Latin America, and select markets in Asia-Pacific. Its headquarters are located in Madrid, Spain, which also serves as a central hub for corporate governance and strategic planning. Spain remains a key market, but international operations account for the majority of the company’s revenue.
The company has particularly deep market penetration in Brazil, Argentina, Chile, Peru, Mexico, and Colombia, as well as established operations in Germany, Portugal, and other European countries. Prosegur’s global footprint enables it to serve multinational clients and benefit from geographic diversification, while also exposing it to currency and regional economic risks.
Leadership & Governance
Prosegur was founded by Herbert Gut, and the company remains influenced by its founding family through significant ownership and board representation. Leadership emphasizes operational discipline, long-term client relationships, and the integration of technology into traditional security services. The company follows a centralized governance structure with regional operational autonomy.
Key executives include:
- Christian Gut – Chief Executive Officer
- José Vicente Antoranz – Chief Financial Officer
- Manuel Malgarejo – Chief Operating Officer
- Miguel Ángel Cuadros – Chief Executive Officer, Prosegur Cash
- Juan Carlos Rubio – Chief Executive Officer, Prosegur Alarms
The leadership team’s strategic vision focuses on sustainable growth, digital transformation, and maintaining Prosegur’s position as a leading global security services provider while adapting to evolving security and technological demands.