diff --git a/.changes/unreleased/Dependencies-20240429-124038.yaml b/.changes/unreleased/Dependencies-20240429-124038.yaml
new file mode 100644
index 000000000..5fa954c8a
--- /dev/null
+++ b/.changes/unreleased/Dependencies-20240429-124038.yaml
@@ -0,0 +1,6 @@
+kind: "Dependencies"
+body: "Bump dbt-labs/actions from 1.1.0 to 1.1.1"
+time: 2024-04-29T12:40:38.00000Z
+custom:
+  Author: dependabot[bot]
+  PR: 1006
diff --git a/.github/workflows/nightly-release.yml b/.github/workflows/nightly-release.yml
index 24c87440a..16a5d0da1 100644
--- a/.github/workflows/nightly-release.yml
+++ b/.github/workflows/nightly-release.yml
@@ -58,7 +58,7 @@ jobs:
 
       - name: "Audit Version And Parse Into Parts"
         id: semver
-        uses: dbt-labs/actions/parse-semver@v1.1.0
+        uses: dbt-labs/actions/parse-semver@v1.1.1
         with:
           version: ${{ steps.version-number-sources.outputs.current_version }}
 
@@ -80,7 +80,7 @@ jobs:
           echo "number=$number" >> $GITHUB_OUTPUT
 
       - name: "Audit Nightly Release Version And Parse Into Parts"
-        uses: dbt-labs/actions/parse-semver@v1.1.0
+        uses: dbt-labs/actions/parse-semver@v1.1.1
         with:
           version: ${{ steps.nightly-release-version.outputs.number }}