diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0f56e97..1265248 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -3,6 +3,10 @@
 All notable changes to this project will be documented in this file.
 This project adheres to [Semantic Versioning](http://semver.org/).
 
+## [0.5.0] - 2024-02-21
+
+- Support rails 7 #6
+
 ## [0.4.0] - 2019-04-02
 
 - Add time sensitive period splitting #4
diff --git a/lib/periodic_records/version.rb b/lib/periodic_records/version.rb
index fbadbc9..de04b51 100644
--- a/lib/periodic_records/version.rb
+++ b/lib/periodic_records/version.rb
@@ -1,3 +1,3 @@
 module PeriodicRecords
-  VERSION = "0.4.0"
+  VERSION = "0.5.0"
 end