diff --git a/devel/rubygem-timeout/Makefile b/devel/rubygem-timeout/Makefile
index ad3285463d66..dbe6e8adc8e9 100644
--- a/devel/rubygem-timeout/Makefile
+++ b/devel/rubygem-timeout/Makefile
@@ -1,5 +1,5 @@
 PORTNAME=	timeout
-PORTVERSION=	0.3.0
+PORTVERSION=	0.3.1
 CATEGORIES=	devel rubygems
 MASTER_SITES=	RG
 
diff --git a/devel/rubygem-timeout/distinfo b/devel/rubygem-timeout/distinfo
index 40b9bff4455b..45a926fd3285 100644
--- a/devel/rubygem-timeout/distinfo
+++ b/devel/rubygem-timeout/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1653926106
-SHA256 (rubygem/timeout-0.3.0.gem) = 628dbd24e31aa5f493349336614b2445e6f60125342a5bb81a720064d6489e01
-SIZE (rubygem/timeout-0.3.0.gem) = 9216
+TIMESTAMP = 1674590488
+SHA256 (rubygem/timeout-0.3.1.gem) = eaab5f7da498d573b7b177b42ca4d23f07aadd7b5b0af6250b751077f204d052
+SIZE (rubygem/timeout-0.3.1.gem) = 8704