diff --git a/conans/__init__.py b/conans/__init__.py
index 1ff11cb03de..cc354d76021 100644
--- a/conans/__init__.py
+++ b/conans/__init__.py
@@ -20,4 +20,4 @@
 SERVER_CAPABILITIES = [COMPLEX_SEARCH_CAPABILITY, REVISIONS]  # Server is always with revisions
 DEFAULT_REVISION_V1 = "0"
 
-__version__ = '1.50.0'
+__version__ = '1.50.1'
diff --git a/conans/client/migrations_settings.py b/conans/client/migrations_settings.py
index 25b2bd1bf09..b66cb0cdc72 100644
--- a/conans/client/migrations_settings.py
+++ b/conans/client/migrations_settings.py
@@ -3713,3 +3713,4 @@
 """
 
 settings_1_50_0 = settings_1_49_0
+settings_1_50_1 = settings_1_50_0