Jennifer Lopez will receive The Michael Jackson Video Vanguard Award at the MTV Video Music Awards next month. .
The network revealed the news on Tuesday. .
Previous winners of the award include Rihanna, Justin Timberlake, Beyoncé, Kanye West, Madonna and Pink. .
Lopez will also take the stage to perform -- a first at the show since 2001. Additionally, the singer is nominated in two VMA categories for her new single, "Dinero." .
Fans can vote online for their top selections across 12 VMA categories over the next few weeks. .
The MTV VMAs will be set at Radio City Music Hall and broadcast on August 20.
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