diff --git a/devel/rubygem-timeout/Makefile b/devel/rubygem-timeout/Makefile
index 8aaf29145c2f..1b46eeed2e80 100644
--- a/devel/rubygem-timeout/Makefile
+++ b/devel/rubygem-timeout/Makefile
@@ -1,20 +1,20 @@
 # Created by: Po-Chuan Hsieh <sunpoet@FreeBSD.org>
 
 PORTNAME=	timeout
-PORTVERSION=	0.2.0
+PORTVERSION=	0.3.0
 CATEGORIES=	devel rubygems
 MASTER_SITES=	RG
 
 MAINTAINER=	sunpoet@FreeBSD.org
 COMMENT=	Auto-terminate potentially long-running operations in Ruby
 
 LICENSE=	BSD2CLAUSE RUBY
 LICENSE_COMB=	dual
 LICENSE_FILE_BSD2CLAUSE=${WRKSRC}/LICENSE.txt
 
 USES=		gem
 USE_RUBY=	yes
 
 NO_ARCH=	yes
 
 .include <bsd.port.mk>
diff --git a/devel/rubygem-timeout/distinfo b/devel/rubygem-timeout/distinfo
index b47754d60291..40b9bff4455b 100644
--- a/devel/rubygem-timeout/distinfo
+++ b/devel/rubygem-timeout/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1634391242
-SHA256 (rubygem/timeout-0.2.0.gem) = 73fd8ee661df7890ee261322cf9e207de7c7400ccc218294c10fcbec190c7d81
-SIZE (rubygem/timeout-0.2.0.gem) = 8704
+TIMESTAMP = 1653926106
+SHA256 (rubygem/timeout-0.3.0.gem) = 628dbd24e31aa5f493349336614b2445e6f60125342a5bb81a720064d6489e01
+SIZE (rubygem/timeout-0.3.0.gem) = 9216