Taylor Swift named Billboard's Woman of the Year

Taylor Swift has been named Billboard's Woman of the Year for 2014, it was announced Friday.

This marks the second time Swift has received the honor, which will be presented to her at Billboard's ninth-annual Women in Music event on Dec. 12 in New York City.

Swift, 24, is now the first artist to ever receive the Woman of the Year title twice. She also won the award in 2011. Other recipients have included Beyonce, Katy Perry and Pink.

"As one of the most influential artists of her generation, Taylor Swift has seen incredible success on the Billboard charts," said Janice Min, co-president and chief creative officer of Billboard's parent company, Guggenheim Media's Entertainment Group. "Over the course of her career, she's charted 60 entries on the Billboard Hot 100 the most of any female artist since her debut in 2006. We are tremendously excited to be honoring her as the 2014 Billboard Woman of the Year for the second time."

Swift, a seven-time Grammy winner, will release her next (and first full-fledged pop) album, "1989," on Oct. 27.