50% Output Duty Cycle
The LM555 timer can achieve a 50 percent duty cycle as shown in the next diagram. The duty cycle adjustment range of the give components values is from 42 to 55 percent.
Resistors R1 and R2 were selected first and then resistor R3 was selected to give the best control range based on measurements at the output of the timer.
The major disadvantage of using the LM555 in this manner is that the output frequency changes as the duty cycle changes. [...]
Read more Source: http://home.cogeco.ca/~rpaisley4/LM555.html
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