Billboard reports that the lovely Beyonce will be honored with the Billboard Millennium Award at the 2011 Billboard Music Awards at this year's show!

The announcement was was made May 9th. The legendary performer will receive her honor at show which will air live on May 22nd on ABC at 7pm from the MGM Grand Garden Arena in Las Vegas!

The Billboard Millennium Award will recognize Beyoncé's career achievements and influence in the music industry, from her role as the frontwoman of Destiny's Child to her three-chart-topping solo albums, which have collectively earned her 16 Grammy awards and ASCAP's Pop Songwriter of the Year award. Previously, Billboard named Beyoncé its Woman of the Year in October 2009, and Top Female Artist of the Decade in December 2009.

Other performers at this year's show are Cee Lo, Nicki Minaj, Pitbull, Rihanna, the Black Eyed Peas, Keith Urban, Lady Antebellum, and Taio Cruz make up the the star-studded lineup of performers with more to be announced soon.

Will you be watching the Billboard awards this year?