diff --git a/devel/py-yaml/Makefile b/devel/py-yaml/Makefile
index f6997f6a7cf4..f754cf688bb0 100644
--- a/devel/py-yaml/Makefile
+++ b/devel/py-yaml/Makefile
@@ -1,47 +1,47 @@
 # Created by: ijliao@FreeBSD.org
 # $FreeBSD$
 
 PORTNAME=	yaml
-PORTVERSION=	5.2
+PORTVERSION=	5.3.1
 CATEGORIES=	devel python
 MASTER_SITES=	CHEESESHOP
 PKGNAMEPREFIX=	${PYTHON_PKGNAMEPREFIX}
 DISTNAME=	PyYAML-${PORTVERSION}
 
 MAINTAINER=	jpaetzel@FreeBSD.org
 COMMENT=	Python YAML parser
 
 LICENSE=	MIT
 LICENSE_FILE=	${WRKSRC}/LICENSE
 
 OPTIONS_DEFINE=	LIBYAML EXAMPLES
 LIBYAML_DESC=	Use textproc/libyaml for faster parsing
 
 USES=		python
 USE_PYTHON=	distutils autoplist
 
 EXAMPLESDIR=	${PREFIX}/share/examples/${PKGNAMEPREFIX}${PORTNAME}
 
 .include <bsd.port.pre.mk>
 
 .if ${PORT_OPTIONS:MLIBYAML}
 PYDISTUTILS_SETUP+=		--with-libyaml
 PYDISTUTILS_BUILD_TARGET=	build_ext
 PYDISTUTILS_BUILDARGS+=		--include-dirs=${LOCALBASE}/include \
 				--library-dirs=${LOCALBASE}/lib
 LIB_DEPENDS+=			libyaml.so:textproc/libyaml
 
 post-install:
 	@${STRIP_CMD} ${STAGEDIR}${PYTHONPREFIX_SITELIBDIR}/_yaml.so
 .else
 PYDISTUTILS_SETUP+=		--without-libyaml
 NO_ARCH=			yes
 .endif
 
 post-install-EXAMPLES-on:
 	@(cd ${WRKSRC}/examples && ${COPYTREE_SHARE} . ${STAGEDIR}${EXAMPLESDIR}/)
 
 do-test:
 	@cd ${WRKSRC} && ${PYTHON_CMD} ${PYDISTUTILS_SETUP} test
 
 .include <bsd.port.post.mk>
diff --git a/devel/py-yaml/distinfo b/devel/py-yaml/distinfo
index aeeb0c5bf0e8..e1128148eaad 100644
--- a/devel/py-yaml/distinfo
+++ b/devel/py-yaml/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1575414761
-SHA256 (PyYAML-5.2.tar.gz) = c0ee8eca2c582d29c3c2ec6e2c4f703d1b7f1fb10bc72317355a746057e7346c
-SIZE (PyYAML-5.2.tar.gz) = 265687
+TIMESTAMP = 1587917471
+SHA256 (PyYAML-5.3.1.tar.gz) = b8eac752c5e14d3eca0e6dd9199cd627518cb5ec06add0de9d32baeee6fe645d
+SIZE (PyYAML-5.3.1.tar.gz) = 269377