A divide-by-N clock frequency divider producing N non-overlapping clocks each with precise 1/N duty ratio is implemented by a counter, a token generator and N-bit shift register. Every N clock cycles, a pulse is generated as a token from a logical combination of signals from the counter. The pulse is passed along a shift register having balanced load capacitances under control of the clock edge, ensuring a precise 1/N duty ratio that is unaffected by load capacitances from the fault state detection and/or reset circuitry. In this manner, a higher operating frequency may be achieved with low power consumption.