May 07, 2018 03:05 PM

Janet Jackson will be honored at the 2018 Billboard Music Awards!

The five-time Grammy winner, 51, was announced as the recipient of this year’s icon award after a total of 18 BBMA nominations and 10 wins from 1990-2001. “Can’t wait!” Jackson shared on Instagram Monday.

In addition, she will also be taking the BBMA stage for her first television performance in nine years. (She previously performed live at the 2009 American Music Awards.)

Jackson joins a group of iconic winners including Neil Diamond (2011), Stevie Wonder (2012), Prince (2013), Jennifer Lopez (2014), Céline Dion (2016) and Cher (2017).

Janet Jackson
Solamain Fazel

The honor kicks off a busy summer for the singer who has upcoming headlining festival performances at ESSENCE Fest, Panorama and Outside Lands, as well as new dates added for her State of the World Tour.

RELATED: All For You! Janet Jackson Announces Global Open Dance Auditions to Join Her JTribe

In April, PEOPLE exclusively announced that Shawn MendesCamila Cabello and Dua Lipa were set to take the BBMA stage.

Kendrick LamarEd Sheeran and Bruno Mars are leading the nominations with 15 nods apiece, followed by Post Malone with 13 nominations in 12 categories, and Imagine Dragons with 11 nods in 10 categories.

The Kelly Clarkson-hosted Billboard Music Awards will broadcast live from the MGM Grand Garden Arena in Las Vegas on Sunday, May 20 at 8pm ET / 5pm PT on NBC.

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