American Stores Co. has declared a quarterly cash dividend of 21 cents per share on its common stock, payable Oct. 6, to shareholders of record Sept. 27.

The company also declared a quarterly cash dividend of $1.09375 per share on its Series A $4.375 Cummulative Convertible Exchangeable Preferred Stock payable Nov. 15 to shareholders of record Oct. 28.American stores also redeemed its Series B $6.80 Cummulative Exchangeable Preferred Stock on Aug. 15. Shareholders of the Series B Preferred Stock were mailed a notice of redemption June 17. The company said shareholders who have not tendered their shares "should do so immediately." American Stores said shareholders who have not received a notice of redemption should contact the redemption agent, Morgan Shareholder Services, at 212/587-6593.