A programmable clock divider includes first and second comparators for generating first and second signals respectively based on a count value of a counter and a frequency ratio value. First and second flip-flops delay the first and second signals by one clock cycle of the input clock signal. An active-low latch delays the second signal by half a clock cycle of the input clock signal. A multiplexer receives the delayed first and second signals at first and second input terminals respectively and the input clock signal at a select terminal, and generates a divided clock signal. The multiplexer outputs the second delayed signal when the input clock signal is at a logic high state and outputs the first delayed signal when the input clock signal is at a logic low state.